Tag: Tax Planning

“Capital Gains Rate: 20%, 25%, or 40%, should we care?”

House Democrats recently presented a preliminary tax proposal that is intended to help fund President Biden’s proposed $3.5 trillion dollar infrastructure package.  The current proposal targets high earners and corporations through increases in income taxes, corporate [...]

By |2021-11-02T20:17:16+00:00November 2nd, 2021|Blog|Comments Off on “Capital Gains Rate: 20%, 25%, or 40%, should we care?”

How To Set Up An Estate Plan

Round Table Wealth Management Director, Wealth Advisor Michael Fischer was recently quoted about establishing an estate plan. Michael notes the value of taking a holistic approach in coordinating beneficiaries across accounts, assets and estate documents. [...]

By |2022-04-22T22:31:17+00:00November 1st, 2021|Uncategorized|Comments Off on How To Set Up An Estate Plan

2021 Reconciliation Bill: Potential Tax Changes

With the 2022 Fiscal Year Federal Budget deadline of October 1st rapidly approaching, House Democrats presented a preliminary tax proposal targeting high earners, wealthy estates, and corporations to fund Biden’s proposed $3.5 trillion infrastructure spending package. While [...]

By |2021-09-16T21:47:15+00:00September 16th, 2021|Blog|Comments Off on 2021 Reconciliation Bill: Potential Tax Changes

Wells Fargo U.S. Expat Brokerage Account Closure

At the beginning of 2021, Wells Fargo announced a reduction in service for international clients . The most significant changes are reported to occur on September 30, 2021.The most impacted Wells Fargo customers include U.S. citizens [...]

By |2021-08-25T15:43:16+00:00August 24th, 2021|Blog|Comments Off on Wells Fargo U.S. Expat Brokerage Account Closure

Virtual Currency: Basic Concepts and Taxation Essentials

Virtual currencies represent an innovation in financial services, products and technology that has the potential to support a more efficient and transparent global commerce by proposing lower transaction costs and rapid availability of cash. In spite of the aforementioned benefits, before engaging in virtual currency transactions, investors should have a clear understanding of what they are, how they can be utilized and what are some of the tax ramifications to U.S. taxpayers. This article addresses a few of the basic concepts of virtual currencies, such as blockchain and mining, as well as how the Internal Revenue Service (IRS) treats the most common virtual currency transactions.

By |2021-07-16T13:27:07+00:00July 16th, 2021|Blog|Comments Off on Virtual Currency: Basic Concepts and Taxation Essentials

Important Investment and Financial Planning Considerations when Relocating to Florida from the Northeast

Many residents from the high-tax states in the Northeast are seriously considering changing their official residence and moving to Florida. This article explains one of the many questions that these residents face regarding how the move may impact their portfolio strategy.

By |2021-08-19T21:11:50+00:00June 7th, 2021|Blog|Comments Off on Important Investment and Financial Planning Considerations when Relocating to Florida from the Northeast

Keep Eye on Biden Tax Plan When Financial Planning

Round Table Wealth Management's Michael Fischer recently published an article with the Pennsylvania Institute of CPAs discussing many of the Biden administration's tax proposals including changes to federal estate tax exemptions, increases to marginal tax [...]

By |2021-05-04T13:50:52+00:00May 4th, 2021|In the News|Comments Off on Keep Eye on Biden Tax Plan When Financial Planning