Tax Planning & Preparation

Roth IRA Conversion Strategies and Tax Implications

Roth IRA conversions are not one-size-fits-all. EP Wealth Advisors helps tailor this strategy to the specific circumstances of each client, evaluating whether a conversion aligns with their financial plan and how to navigate the tax impact.

Our team works with clients to:

• Assess conversion timing to help manage the tax impact based on income fluctuations.
• Analyze tax brackets to determine whether spreading conversions over multiple years may be beneficial.
• Coordinate with tax professionals to evaluate the potential long-term benefits of tax-free withdrawals in retirement.
  
  

Self-Employed Tax Planning

Self-employed individuals often face complex tax obligations, requiring proactive planning throughout the year. EP Wealth provides guidance on tax-saving opportunities while helping clients structure their businesses strive for tax efficiency.

Our team assists with:

• Estimated tax payment planning to help potentially avoid penalties.
• Evaluating home office deductions and other eligible business expenses.
• Entity selection guidance to help evaluate the pros and cons of LLCs, sole proprietorships, S-corps, and C-Corps.

We help self-employed clients integrate tax strategies into their financial plans, balancing business and personal financial goals.

Real Estate Investment Tax Strategies

Real estate investments could potentially offer unique tax advantages, but navigating the tax rules can be challenging. From managing rental properties to considering new real estate investments, EP Wealth works with clients to help them understand how tax strategies can impact both short-term cash flow and long-term financial outcomes.

We provide guidance on:

• Depreciation strategies that may reduce taxable rental income.
• 1031 exchanges to defer capital gains taxes when selling and reinvesting in real estate.
• Delaware Statutory Trusts (DSTs) which can be used to tax efficiently diversify a real estate portfolio.
• Structuring real estate ownership to align with estate and financial planning goals.
  
  

Tax Planning for Stock Options and RSUs

EP Wealth helps clients evaluate tax-efficient strategies when exercising stock options, selling shares, or planning for future tax liabilities.

Our services include:

• Assessing the timing of stock option exercises to help manage taxable income.
• Understanding the tax treatment of ISOs, NSOs, and RSUs to incorporate them into a broader financial plan.
• Developing strategies for diversifying concentrated stock positions and mitigating taxes while considering risk management and liquidity needs.
• Evaluating capital gains implications and withholding requirements to help navigate unexpected tax liabilities.
  
  

Multi-State Tax Planning

For individuals, investors and business owners with financial ties to multiple states, tax planning can be especially complex. Residency rules, income allocation, and state-specific tax laws can all impact filing requirements and potential liabilities. EP Wealth helps clients navigate multi-state tax obligations, whether they are employees earning income across state lines, investors with assets in different states, or business owners managing operations in multiple locations.

Employees and Remote Workers

Individuals who live in one state but work in another may face dual-state tax filings, residency determinations, and income-sourcing complexities. EP Wealth assists clients in understanding state residency rules, tax implications of relocation, and available deductions that may help reduce exposure to double taxation.