It is up to his tax advisor to catch it and make the necessary adjustment.
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Hopefully, the following will encourage you to have a serious year-end meeting with your tax advisor.
Work with your tax advisor to determine ways to reduce your adjusted gross income in 2013.
Such advice should be obtained from a qualified financial, legal, or tax advisor based on your individual situation.
As always, consult with a professional tax advisor to avoid any unpleasant surprises.
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You should speak with your tax advisor about planning that may be available to you based on your specific situation.
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This is not only a good idea, but a duty on the part of a qualified financial or tax advisor.
These include a financial advisor, tax advisor, moving specialist, real estate broker, and perhaps an elder care consultant, as well.
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If you see an emotionally limited leader doing good works, look for a smart tax advisor standing in the wings.
Again, you should speak with your tax advisor about your specific situation.
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But I, for one, would encourage Mickelson to stay the course, continue to fight the good fight, and hire a savvy tax advisor.
Before proceeding to create any type of business structure, consult with your attorney and other relevant professionals, such as your tax advisor or accountant.
Have your tax advisor do multi-year tax projections, so you can do a better job of spreading deductions over multiple years to minimize the impact.
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It should be a consideration if you choose to invest in mutual funds and may be wise to consult a tax advisor to fully acquaint with these ramifications.
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If you are lucky, your tax advisor might offer some information on the various education-related tax credits, but that is something that you get after you have paid the bill.
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If you receive the best kind of tax advice for the right price and take great care in how you prepare your tax returns, you may be able to bypass this last type of tax advisor.
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Please note that there are separate rules for losses on property held in connection with a trade or business, or in a transaction entered into for profit, and should this apply to you, please speak with your tax advisor.
Consult your tax advisor for specifics.
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This can be calculated on IRS Form 6251, but employees who exercise a large number of ISOs should consult a tax or financial advisor beforehand so that they can properly anticipate the tax consequences of their transactions.
Talk with your advisor and tax professional to see how you can better manage the impact of the 2013 tax changes.
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If he or she seems clueless, then you have a tax preparer, not an advisor, working for you.
We have introduced them to our financial advisor and our tax preparer and they have relationships with both.
However, before you make any changes to your retirement account, I always recommend checking with your financial advisor and your tax professional.
The remaining advisor respondents are taking advantage of tax loss harvesting (thirteen percent), taking gains this year at a potentially lower rate (eleven percent) or moving their clients into lower tax structured products (eleven percent).
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Her advisor was probably not a SALT (State and local tax) expert.
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Tax advice and estate planning are two examples of financial advice where an advisor or planner can add real value.
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He is now the co-founder of Beyond415 (an IRS response solution vendor) and writes a regular Tax Update newsletter, which was recently picked back up in CPA Practice Advisor.
Knowing the situation makes me a better advisor regarding what taxes a person is subject to, and which tax reducing transactions and changes a client may want to consider.
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