Understanding Capital Gains Taxes and Planning
Capital gains taxes might seem like a complex concept reserved for Wall Street professionals, but they affect most investors and many homeowners. Understanding capital gains
August 2, 2024
Capital gains taxes might seem like a complex concept reserved for Wall Street professionals, but they affect most investors and many homeowners. Understanding capital gains
The IRS has finalized its proposed rule concerning required minimum distributions (RMDs), detailing requirements for distributions from qualified retirement plans, such as IRAs, during the
Life insurance policies are a common tool corporations use to ensure financial stability and facilitate smooth transitions in the event of a shareholder’s death. However,
Inquiries about the potential tax benefits of placing investments into a living trust are common in the trust and wealth management field. It is essential
The Tax Cuts and Jobs Act of 2017 brought significant changes to the tax landscape, sparking concerns about its impact on charitable giving. Key changes
When selling a principal residence, understanding the tax implications is crucial. Fortunately, the IRS provides a significant exclusion that can provide relief, softening or even
Legacy Private Trust Company is committed to keeping our clients informed about efficient ways to manage their financial affairs, including how to track and receive
In the complex and often intricate world of tax law, the distinctions between penalties, taxes, and the procedures for their imposition can have significant financial
As the tax season approaches, it’s important for individuals and businesses alike to stay informed about the distribution deadlines for various tax forms. While many
In philanthropy and financial planning, the concept of charitable gift annuities (CGA) has garnered increasing attention. As a trusted resource in wealth management and estate
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