William Byrnes' Tax, Wealth, and Risk Intelligence

William Byrnes (Texas A&M) tax & compliance articles

Posts Tagged ‘Tax break’

Act Now on End of Year Expiring Tax Breaks: IRA Charitable Rollovers, Bonus Depreciation

Posted by William Byrnes on December 18, 2013

Individual clients may have one final chance to satisfy required minimum distribution (RMD) requirements without increasing taxable income.

Small business clients, on the other hand, should be advised that the time to expand is now, as special expensing and bonus depreciation rules are also set to expire at year’s end.

Regardless of your client’s situation, the list of expiring tax breaks is robust enough to grab everyone’s attention.

Read Professor William Byrnes and Robert Bloink’s end of year planning tips at > Think Advisor <


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Net unrealized appreciation tax break: Still a tax break in 2013?

Posted by William Byrnes on September 4, 2013

The tax break provided for net unrealized appreciation (NUA) on 401(k) account distributions once provided a powerful tax savings strategy for clients with large 401(k) balances — allowing some clients to reduce their taxes on these retirement funds by as much as 20 percent.

Today, as high-net-worth clients are increasingly seeking strategies to help minimize their tax burdens in light of higher 2013 tax rates, the NUA strategy may have become more complicated than ever.   Read the full analysis of William Byrnes & Robert Bloink at > Life Health Pro <

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