Tax Planning

• A retiring farmer with last year's crop to sell and no expenses to offset income.
• An executive with much of his or her net worth concentrated in employer's company stock and a need to diversify.
• Owners of family businesses with widely scattered heirs likely to sell after inheriting this asset.
• The owner of a closely held business who wants to sell with more favorable tax treatment.
• Corporate stockholders using partial redemptions seeking preferred tax positions.
• Owners of under performing and low-basis non-leveraged real estate or personal property.
• The owner of a highly appreciated stock portfolio who would like to move from growth to income assets.
• The owner of a low income or non-income asset who needs more current income.
• Highly compensated individuals looking to set aside additional retirement savings without IRC section 415 limitations.
• Parents who want to establish a secure source of life-time funding for a disabled or financially irresponsible child.
• Employees with Incentive Stock Options (Qualified) seeking tax relief and diversification.
• Business owners owning stock after an Initial Public Offerings (IPO) seeking to minimize capital gains tax losses.
• Individuals with a history of current giving who would like to create an ongoing family philanthropic program.
• Professionals with extra large qualified retirement plans and a desire to improve control of distributions to heirs.
• Charitable trusts aren't for all clients and donors. There must be some charitable intent, as there is often a significant gift to charity involved; all too often the concept is pitched as a tax dodge or as a way to sell financial products. Instead, it should be part of an integrated financial and estate plan designed to solve problems.

Estate Planning and the Tax Act of 2001

26 Tax Sheltering Ideas

You can calculate your own tax deduction now with a Charitable Gift (products: registration for the web)

As taxpayers, it is important that we become familiar with changes in tax laws. The links below offer a brief summary of the new tax laws (copyright (c)2001 by A. Charles Schultz)

Frequently Asked Questions	Highlight of Provisions Affecting Retirement Plans
Washington Hotline	Tax Bracket Reductions
Child Tax Credit	Marriage Penalty Relief
Educational Incentives	Estate Tax Repeal
Pension and Retirement Provisions	Alternative Minimum Tax

Find out how much extra you are paying to be married: Calculate Marriage Tax
 

For most individuals, your minimum required distribution can be calculated using this table Uniform Withdrawal Factor Table For 2001