High Net Worth Individuals Archive
Form 1099-K Reporting Requirements: Overview Q&A
With the new reporting threshold, you may now be responsible for filing Form 1099-K. Learn what this form is, why it matters, and how you can meet reporting requirements. Read More
The Clock is Ticking: 5 Reasons to Make Substantial Gifts Now vs. Later
Are you considering making a substantial gift? Here are five reasons to act sooner than later: 1. Lifetime Gift Tax Exemption is a… Read More
NFT Taxation – An Introduction to the Federal Income Tax Implications of Creating or Investing in NFTs
Despite Non-fungible Tokens (NFTs) growing popularity, the Internal Revenue Service (IRS) has not yet published specific federal i… Read More
Cryptocurrency Staking Rewards are Still Taxable
On Feb. 2, the IRS conceded a lawsuit filed by Joshua and Jessica Jarrett concerning the taxability of staking rewards for cryptoc… Read More
The Benefits of Converting Your IRA to a Roth in 2020
If you have ever been advised or tempted to convert your traditional IRA to a Roth, 2020 may finally be the year to make that move… Read More
The Tax Benefits of Donor Advised Funds and Bunching Charitable Donations
Over the past few years, many high net worth taxpayers have witnessed the unfortunate removal of a substantial amount of itemized… Read More
Turning a Failed Investment into a Tax Benefit
Unfortunately, not all startup companies become the next Snowflake and turn into one of the largest IPOs in the history of the U.S… Read More
Tax-Smart Asset “Location” can Save Big Bucks
The last time you heard the phrase “location, location, location” was probably from your real estate agent when buying or selling… Read More
