Pass Through Income and the Section 199A Deduction

tax breaks for former employees

  Here’s what you need to know about the tax breaks for business owners and self employed persons — specifically, what you need to know about the Section 199A deduction. Regulations issued August 8, 2018 – New regs were issued to provide guidelines and interpretations of the Sec 199A deduction. This blog has been updated […]

How to Invest the Cash After Exercising Stock Options

how to invest cash after exercising stock options

There are countless ways you can strategize around how to best use your stock options. That can depend on: The kind of employee you are The type of options you have The decisions you need to make around your stock options …and more, including your financial goals and specific needs. But no matter what approach […]

The New 83(i) Election for NQSOs and RSUs Can Be a Big Tax Break

83i election tax break financial planners

  When Congress passed the Tax Cuts and Jobs Act in December 2017, one of the new features introduced to the tax code was the 83(i) election. This offers a tax break for certain stock option holders, and could significantly benefit your financial situation if you qualify for this tax break. (Read up on other […]

How the Tax Reform Bill Will Impact You

Plus steps to take now The impact of new tax legislation will vary by Taxpayer depending on your particular situation. Generally, tax rates have been lowered but many itemized deductions have been significantly limited or eliminated. The standard deduction has been increased significantly so many Taxpayers will no longer need to itemize deductions. Personal exemption […]

How to Maximize the Tax Benefit of Having Kids

Kids are expensive. We know. Many of our clients have young children. One of our partners, Landon, has three school-age children. The fact that your kids will cost you a lot of money is no secret. The national average is $233,610 to raise a child Your costs may be higher. You can use this calculator […]

How to Save $420,000 in Taxes

Want to know how to save $420,000 in taxes on stock options? File the 83(b) Election Filing an 83(b) election is the secret to creating years of wealth in one moment. Don’t let the opportunity pass you by. In certain circumstances, you can save a significant amount of income tax by making an 83(b) election. If you are allowed to […]