Tax Strategies for Individuals

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  • Tax Saving Strategies: A Helpful Checklist

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    Avoid or Defer Income Recognition
    Max Out Your 401(k) or Similar Employer Plan
    If You Have Your Own Business, Set Up and Contribute to a Retirement Plan
    Contribute to an IRA
    Defer Bonuses or Other Earned . . .

  • Travel and Entertainment: Maximizing the Tax Benefits

    Don’t overpay your income taxes by overlooking expenses which you are entitled to deduct. Use this Financial Guide to ensure you are handling your business travel and entertainment costs in a tax-wise manner.

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    Travel Expenses . . .

  • Higher Education Costs: How To Get The Best Tax Treatment

    Various tax benefits, including tax exemption, tax deferral, tax credits, and deductions, are available if you are paying or saving for college or other higher education costs. This Guide suggests ways to take advantage of these benefits.

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  • Selling Your Home: How To Minimize the Tax On the Gain

    Many tax benefits are available to you when you sell your principal residence. However, the rules are complex and personal guidance is necessary to take full advantage of these benefits, so that you and your tax advisor can best work . . .

  • The Deductibility of Points

    This Financial Guide explains when and to what extent points paid on the purchase of a home or on a refinancing are deductible. It explains the rules for deducting points and discusses special circumstances and situations.

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    What . . .

  • Annuities: How They Work and When You Should Use Them

    Annuities may help you meet some of your mid and long-range goals such as planning for your retirement and for a child’s college education. This Financial Guide tells you how annuities work, discusses the various types of annuities . . .

  • Retirement Plan Distributions: When To Take Them

    When must you start withdrawing the funds in your retirement plans? And what happens if the funds aren’t withdrawn before you die? To what extent will your heirs be taxed? The rules are complex but there are ways the . . .

  • Retirement Plan Distributions: How To Take Them

    If you are thinking of retiring soon, you are about to make a major financial decision: how to take distributions from your retirement plan. This Financial Guide will discuss your various options. And, since the tax treatment of these distributions . . .

  • Roth IRAs: How They Work and How To Use Them

    Roth IRAs differ from other tax-favored retirement plans, including other IRAs (called “traditional IRAs”), in that they promise complete tax exemption on distribution. There are other important differences as well, and many qualifications about their use. This Financial Guide . . .

  • Mutual Fund Taxation: How To Cut The Tax Bite

    How are distributions from mutual funds taxed? What happens when they are reinvested? How are capital gains on sales of mutual funds determined? This Financial Guide provides you with tips on reducing the tax on mutual fund activities.

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  • Advanced Charity Techniques: Maximizing Your Deduction

    There are a number of tax vehicles for turning charitable desires into tax deductions. While these techniques are quite complex, they can with the proper guidance provide substantial tax deductions. This Financial Guide provides an introductory view of the ways . . .

  • Charitable Contributions of Property: Maximizing Your Deduction

    This Financial Guide discusses the rules that apply when you contribute property–as opposed to money–to charity and is meant to provide general information. Contact your tax advisor if you need tax planning assistance.

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    Determining Fair . . .

  • Charitable Contributions: How To Give Wisely

    Since charities ask for larger and more frequent donations from the public these days, soliciting by mail, telephone, television, and radio for example, they should be checked out before you donate money or time. Here are some tips on how . . .

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