Posts Tagged "Tax Planning"

Investment Adviser Fees

Posted by on Jun 25, 2012 in Estate Planning, Federal Taxes, Securities Arbitration | 0 comments

Below is a link to an interesting article about whether investment management fees are deductible.  We are seeing a number of clients come to our office that have entered into management agreements for their investment accounts without ever considering the true costs of those agreements.  Some simply assume that the costs they are paying would be deductible off of their taxes and are later surprised by the fact that they have earned to much money for that to be so. Are Investment Management Fees Tax Deductible? This serves as yet another reminder of the fact that investors should thoroughly...

Read More

Relinquishing Citizenship to Save Taxes

Posted by on May 13, 2012 in Federal Taxes, News | 1 comment

Bloomberg has an interesting article about how one of the people that helped start Facebook is giving up his citizenship to save taxes.  Eduardo Saverin apparently made the decision to renounce his citizenship last September, ahead of the Facebook IPO.  Saverin is attempting to avoid paying taxes on any gains he will likely incur when Facebook goes public. If you or someone you know is interested in business or tax planning matters, contact an attorney at Penzien & McBride,...

Read More