Capital gains taxes are applied to the profit you make when selling an asset. Short-term gains (for assets held one year or less) are taxed at ordinary income rates up to 37%. Long-term gains (for assets held over one year) benefit from lower rates of 0%, 15%, or 20%. Selling a business asset or cashing […]

Tax season can sneak up fast. One minute, we are wrapping up the year, and the next, we are sorting receipts, checking forms, and wondering if we missed a chance to save money. The good news is that a few smart year-end tax moves can make a real difference before we file. When we take […]

Starting a business requires making several foundational decisions, and few impact your financial future as profoundly as your choice of entity. Selecting the correct entity type dictates how the government taxes your profits, how you pay yourself, and what deductions you can claim at the end of the year. We understand that navigating the alphabet […]

Filing your taxes can feel like a complex puzzle. You gather your documents, fill out the forms, and hope for the best. But what if you’re leaving money on the table? Each year, many people overlook valuable tax deductions simply because they don’t know they exist. These missed opportunities can add up, potentially costing you […]

Receiving a notice from the IRS can be an unsettling experience for anyone. The mere mention of an audit often brings a sense of dread, picturing mountains of paperwork and stressful interviews. However, an audit doesn’t have to be a catastrophe. With careful preparation and a clear understanding of the process, you can navigate it […]

Navigating the complexities of tax planning as a high-income earner can feel overwhelming. With the right strategies, however, it’s possible to not only ease this burden but also take full advantage of opportunities to protect and grow your wealth. At Taxes By Design, we specialize in simplifying this process, offering expert guidance that empowers you […]

Stock options can be a fantastic part of your compensation package, offering the potential for significant financial gain. However, they also come with complex and often surprising tax implications. Without proper planning, the taxes associated with stock options can quickly eat into your profits. The good news is that there are effective strategies to minimize […]

Navigating the tax implications of stock options can feel overwhelming, but with the right planning, it doesn’t have to be. Whether you’re receiving stock options as part of your compensation or exploring ways to maximize the benefits of your equity, understanding the tax landscape is crucial. Proper tax planning ensures you can make informed decisions, […]

Navigating the world of real estate investments can often feel like managing a puzzle with too many pieces. One of the most crucial yet often overlooked components of this puzzle is tax planning. Real estate offers unique opportunities for investors, but it also brings about a complex set of tax implications. Proper tax planning not […]

Real estate investing isn’t just about finding the right properties, negotiating killer deals, and understanding the intricate dance of tax strategies that can transform your investment portfolio from good to extraordinary.  Taxes. Just the word makes most investors groan. But here’s a radical perspective: in real estate, taxes aren’t just an inevitable burden so much […]