It’s Not Only What You Earn, It’s What You Get To Keep
Our experts can support you in navigating the complexities of the US tax code and probates. We provide guidance on current and prospective tax regulations to assist you through life decisions that have tax implications.
BakerAvenue’s Enrolled Agents
The Enrolled Agent license is the highest tax credential awarded by the IRS. Our experts have obtained this elite certification, and bring with them experience from the Big 4 accounting firms, law firms, and banking. They are committed to ensuring that the advice you receive is timely and tailored to your circumstances.
Your Goal(s) | Charitable Remainder Trust (CRT) | Active Tax-Loss Harvesting | Roth Conversions | Post-Tax Retirement Accounts: 401(k)s & IRAs | Qualifying Opportunity Zones (QOZ) & 1031 Exchanges | HSA & 529 Accounts | Donor Advised Fund (DAF) |
---|---|---|---|---|---|---|---|
Reduce income taxes | ✓ | ✓ | ✓ | ✓ | |||
Reduce capital gains taxes | ✓ | ✓ | ✓ | ✓ | |||
Grow assets tax-deferred | ✓ | ✓ | |||||
Grow assets tax-free | ✓ | ✓ | ✓ | ||||
Receive income for life, hedged inflation | ✓ | ||||||
Help your heirs avoid income tax | ✓ | ✓ | |||||
Reduce estate taxes | ✓ | ✓ |
This year could be the last year to establish a Charitable Remainder Trust (CRT) that lets you convert a highly appreciated asset into lifetime income. Reduce your income taxes now, and pay no capital gains tax when the asset is sold.
Your Goal(s) | Grantor-Retained Annuity Trust | Spousal Lifetime Access Trust | Irrevocable Grantor Trust | Charitable Remainder Trust | Donor Advised Fund |
---|---|---|---|---|---|
Reduce income taxes | ✓ | ✓ | |||
Reduce estate taxes | ✓ | ✓ | ✓ | ||
Reduce capital gains taxes | ✓ | ✓ | |||
Received fixed income for trust term | ✓ | ✓ | |||
Receive income for life, hedged inflation | ✓ | ||||
Keep assets during the lifetime | ✓ | ✓ | ✓ | ||
Help your heirs avoid income tax | ✓ | ||||
Contributing Assets | |||||
Cash | ✓ | ✓ | ✓ | ✓ | |
Appreciated securities | ✓ | ✓ | ✓ | ✓ | ✓ |
Real estate | ✓ | ✓ | ✓ | ✓ | |
Art, antiques, patents, and other personal property | ✓ | ✓ | ✓ |
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