has
specilized knowledge of these typical tax planning questions:
| • |
What are the tax consequences
and Benefits of Selling & Purchasing a Residence or
Vacation
Home? |
| • |
How is it possible to avoid or
delay the payment of income taxes on a large gain from the
sale of a Second Home used as a rental? |
| • |
For tax purposes is it better to
purchase or lease an automobile used exclusively for
business
purposes |
| • |
I have been told by several people
and confirmed by the Internal Revenue Service that if my
new business does not show a gain within five years that
my losses will not be allowed! Is this correct? |
| • |
I am paying an incredible amount
of federal, state, and city taxes, compared to my friends
and colleagues, —how can I reduce my tax burden? |
| • |
I moved from out of state in mid-year—do
you prepare out of state tax returns? |
| • |
I am forming a new business. Is
it best to operate as a Proper ship, Partnership, Corporation
or Limited Liability Company? |
| • |
I am changing jobs and have a 401(k)
plan at my previous employer and one available with my new
employer. Should I roll this to my new 401 k plan or roll
to an IRA account and what are the tax consequences? |
| • |
I am 58 years old and have an IRA
account. My problem is that I need some of the money from
this account but cannot do so without paying a 10% IRS penalty
for early withdraw. What should I do? |
| • |
Should I invest in my company’s
401k plan or an IRA account? |
| • |
I am conversed by a pension plan
but my wife does not have any wages. What can she do for
her retirement that might be tax deductible? |
| • |
In regard to saving and investing
for my children college education is it best to participate
in a Prepaid Tuition Plan or a Qualified 529 Savings Plan
from my broker or financial advisor? What is the difference
between these plans, Cordova Savings, …and Custodial
accounts? |
| • |
I have a Qualified 529 Savings
plan for my youngest daughter of three to pay for college
tuition. She has received a full tuition scholarship from
a university? Is the tuition scholarship taxable and what
can I do to avoid taxes on her savings plan? |
| • |
What are the tax consequences of selling
stock options and what is the best tax and financial strategy
to following in maximizing my stock options? |
| • |
My employer has a prepaid medical
reimbursement and childcare plan. However if I don’t
spend 100% of the account I will lose what ever is left?
Is this true and if so should I participate? |
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