Insights

Helpful resources for reducing your taxes

A Primer on the “Buy, Borrow, Die” Strategy

A Primer on the “Buy, Borrow, Die” Strategy

Insights | by Sharon Winsmith Just because you aren’t a billionaire doesn’t mean you can’t use the Buy, Borrow, Die Strategy too. This article provides an overview of the tax strategies used by the ultra-wealthy. Read more to find out...

read more
SALT Tax Deduction

SALT Tax Deduction

Insights | by Sharon Winsmith   Recent changes to the state and local tax deduction (aka the SALT tax deduction) continues to be a hot topic for taxpayers in the U.S. There is now a $10,000 cap on the deduction for state and local...

read more
Does Coinbase Report to the IRS?

Does Coinbase Report to the IRS?

Insights | by Sharon Winsmith Many make the mistake of thinking they don’t need to report crypto transactions on their tax returns because they think the IRS can’t find out about it. That is not the case in many circumstances! The IRS...

read more
4th Stimulus Check Update

4th Stimulus Check Update

Insights | by Sharon Winsmith There has been a lot of buzz over the past few months about whether there will be a 4th stimulus check. The chances that you can expect another check from the government largely depend on where you...

read more
How to Maximize the Section 199A QBI Deduction

How to Maximize the Section 199A QBI Deduction

Insights | by Sharon Winsmith One of the best tax benefits available to business owners is the Section 199A QBI Deduction. The deduction is also available for certain types of investment income. The QBI Deduction can significantly...

read more
How Much Should You Contribute to Your 401k or IRA?

How Much Should You Contribute to Your 401k or IRA?

Insights | by Sharon Winsmith If you find yourself asking how much should you contribute to your 401k or IRA, this article will give you some new insights you may not have heard before.TABLE OF CONTENTS 401ks and IRAs are Old News Tax...

read more
The Key Members of a Wealth Management Team

The Key Members of a Wealth Management Team

Insights | by Sharon Winsmith Assembling a good wealth management team is a critical component to building wealth. One key aspect of making money is the relationships you have and the people with whom you surround yourself. If you are...

read more
Not All Income is Equal

Not All Income is Equal

Insights | by Sharon Winsmith The tax laws were written to incentivize 2 primary goals: (1) creation of jobs and (2) investment of capital in a way that will benefit the U.S. economy.The vast majority of tax deductions and credits are...

read more

Subscribe For Updates