An engaging conversation with Founder and CEO Greg Carlson, CFP®, and Senior Tax Advisors Paige Woods, CPA, and Pete Roseboom, CPA, that highlights some of the benefits that come from an integrated approach to wealth management that relies on proactive tax planning to help clients meet their goals. Spend 30 minutes with the team and learn how CCM tax professionals work with clients well above and beyond the process of filing tax returns. Conversations With the CCM Team is an ... [Continue Reading]
Articles and resources related to Tax Planning.
Charitable remainder trusts (CRTs) can create wonderful opportunities for charities, while providing significant benefits to donors and their families. In addition to allowing donors the opportunity to have a substantial impact on a cause they care about, CRTs provide the ability to positively impact an investment portfolio and cash flow while reducing taxes. In fact, with recent tax law changes, a CRT can be used to stretch out the tax deferral of retirement accounts for heirs. A key ... [Continue Reading]
At the onset of the COVID-19 pandemic, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed to provide economic relief to people across the United States. With the continued impact of COVID-19, the IRS has issued further guidance on the provisions of the CARES Act to expand the opportunity for economic relief. Coronavirus-related Distributions In March, it was announced that the CARES Act will provide favorable tax treatment for qualified individuals receiving up to ... [Continue Reading]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, 2020. It offers relief for individuals, businesses, and state and local governments facing financial pressures as a result of the COVID-19 pandemic. With the reach and the complexity of the CARES Act, there are numerous different planning opportunities we’ve explored for the benefit of our clients since this Act was put into place in late March. To demonstrate how our team is proactively applying the ... [Continue Reading]
There’s no question that the 2020 tax season has been unlike any other with deadlines shifting, new policies being introduced, and emergency funding all unfolding over just a matter of weeks. We will continue to provide updates as frequently as necessary to keep you informed of the ever- changing landscape. Below are some of the most important pieces we’re tracking: Tax Filing Dates The IRS has delayed the filing of 2019 federal tax returns and payments with an original due date of April 1 ... [Continue Reading]