The December holidays are here, so tax season cannot be far behind.
Advisors need to consider many strategies before the end of the year with clients to help them minimize taxes.
Robert S. Keebler, an author on numerous wealth transfer and tax issues and a tax consultant for financial advisors, says advisors often overlook tax strategies that could benefit their clients. Keebler is a partner at Keebler & Associates LLP, a tax advisory and CPA firm in Green Bay, Wis.
He has compiled a list of tax tips that advisors should keep in mind. Here are the ones he told Financial Advisor magazine he considers to be the 10 most important.
No. 10: Harvest capital gains to the extent the 0 percent capital gain rate applies.