Your Investments

Both individuals and businesses have investments, ranging from investment securities to business furniture, equipment and real estate. The tax rules for these investments are many and complex. I help my clients maximize their wealth by taking advantage of all the rules.


2013 surprises include a new 20% capital gains rate on gains of taxpayers in the 39.6% bracket. There is a new 3.8% net investment income tax. This new tax is paid, on the lesser of (1) net investment income or (2) modified adjusted gross income (MAGI) exceeding thresholds of $250,000 (joint filers), $125,000 (married separate filers), and $200,000 (single and HOH filers). So, together, these taxes spell a top tax rate on long term investment gains as high as 23.8% in 2013.

Investment assets not used in business operations include stocks, bonds, mutual funds and other securities. The income from these investments may include dividends and interest income. In addition, you may have gains or losses from sales of these investments. Long term gain (from securities held 12 months or more) is generally taxed at no more than 20%, as are qualilfied dividends. Keeping taxes low on investments is frequently a matter of timing. But watch out for the Medicare surtax.

About Wis Laughlin

I help clients with tax preparation and IRS representation, estate planning, and complex contracts, including LLC's. As a former IRS tax attorney in their National Office. picked Wis in 2017 and several prior years as one of the Top Tax and Estate Lawyers in Tennessee. I am your advocate, not your accountant. I don't tell you what you can't do. I show you how to do it.
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