Capital Gains Tax Advisors
We live in a world where you can learn how to do almost anything with just a few clicks of a button on ChatGPT and a couple of YouTube videos. Do you want to find the best paint color and the perfect technique for repainting your family room? A hundred blogs are willing to show you. Are you teaching your teenager to change a tire for the first time? There’s a YouTube video for that. Have you always wanted to learn how to make perfect French-style croissants? The internet has your back.
However, when the stakes are higher and the task is more complicated, it is still best to reach out to a professional. I think we’ve all seen what happens when people attempt to cut their own bangs, and even the most avid DIYer knows to call a professional when dealing with complicated plumbing. While you might feel comfortable changing your car oil yourself, when it comes to major engine issues, you still want to take it into the shop.
If you have highly appreciated financial assets–whether an investment property, primary home, stocks, bitcoin, cryptocurrency, or a business–getting expert advice on your capital gains tax is the smart thing to do, and it is an investment that will pay for itself.
Why Work With a Capital Gains Tax Advisor?
The Stakes Are High
For many people, exiting a highly appreciated asset is one of the most significant financial moves they will make in their lifetime. For many of our clients, their appreciated assets have been the work of a lifetime. They include businesses built from the ground up, rental properties they have managed for years, stock options meant to fund their retirement, and wealth they intend to leave as a legacy for their children and grandchildren. For such significant events, financial planning is essential, and your capital gains taxes are a huge part of that.
They Can Save You Money
Yes, you will pay a fee to use the services of a capital gains tax advisor, but that fee will only be a small percentage of what you can save if your capital gains taxes are expertly managed. If your capital gains are $5 million, you can easily owe upwards of $1.8 million in taxes. An experienced capital gains tax advisor can use timing, deductions, and deferral strategies to save you millions.
They Can Keep an Objective View
It can be difficult for all of us to make rational, informed decisions when we are emotionally attached to our assets. If you are getting ready to sell a business you worked hard to build, a family farm, inherited property, or your own home, you’ll have some strong feelings. It can be helpful to have the assistance of a third party who can see the big picture and has the experience and knowledge to help you make big financial decisions and reach your goals.
They Can Give You Peace of Mind
Capital gains taxes can be complicated. It can feel very stressful to navigate a complex tax code while also trying to maximize your investment. Nobody wants to pay more taxes than they have to, but you certainly don’t want to face an IRS audit because you didn’t comply with the appropriate tax law. When you hire a qualified capital gains tax advisor, you can sleep easy knowing that you are paying all the applicable taxes and saving as much money on your taxes as possible.
What Can a Capital Gains Tax Advisor Do for You?
Navigate Changing Tax Codes
State and Federal tax laws change constantly. Even recently, the executive branch has attempted to significantly raise capital gains taxes for individuals making over $1 million. Capital gains tax advisors stay up to date on all of the current tax codes and can help you make financial decisions about how and when to exit your assets to save you the most money on your capital gains taxes.
Ensure You Are Tax-Compliant
While you certainly want to minimize the amount of taxes you pay, ensuring that you comply with all tax laws and regulations is equally important. Not paying the appropriate taxes can lead to lengthy audits and steep penalties. You can have peace of mind knowing that you are tax-compliant when you use the services of a tax advisor.
Find Ways for You to Reduce or Delay Your Capital Gains Taxes
The most significant benefit of hiring capital gains tax advisors is that they will find ways to save you money on your taxes. They can do this by offsetting capital gains with capital losses, adjusting the timing of your sale to put you in a lower tax bracket, or utilizing strategies such as a 1031 exchange or a Deferred Sales Trust to defer paying your capital gains taxes and maximize the amount of money available for you to reinvest.
Help You Anticipate and Prepare for Future Changes
Capital gains taxes are highly influenced by the current political climate and can change at the state or federal level depending on the administration in charge. While nobody can predict the future entirely, capital gains tax advisors are tuned into the political climate and its impact on the financial world. They can help you make decisions about selling your assets depending on future predictions and your own unique situation.
If you are far from retirement, you might have time to wait out some upheaval. If you are looking at retiring soon or passing on a legacy to your heirs, you might want to take advantage of a favorable tax law while it’s there. An experienced tax consultant can assist you in anticipating and navigating financial changes.
How to Choose a Capital Gains Tax Consultant?
Most of us aren’t even willing to pick a restaurant for dinner without consulting reviews. You wouldn’t choose a new doctor without doing some due diligence. When choosing a capital gains tax advisor, you want to feel confident in their skills and experience. You also want someone who is easy to talk to and takes the time to listen to you. You are embarking on a significant financial journey together–you should feel confident in your pilot.
Experience
Anyone can read tax laws. You want an advisor who has applied those laws to a variety of unique cases and works with a tax attorney & CPA who as defended them against IRS audits and has had a successful track record. Every exit from a highly appreciated asset is different and has its own individual challenges. An advisor who has successfully navigated challenges is one you can trust. Ask potential advisors about their past clients–they should be able to give you an overview of their experience and provide references.
Customer Care
There is no one-size-fits-all approach to managing your wealth and capital gains taxes. As important as knowledge and experience are, the capital gains tax advisor you hire has to be able to work with you and your unique financial situation. Does the consultant you are considering take the time to really listen to you? Do they ask questions about your goals, challenges, and needs? Does it feel like they are looking out for your best interest or just trying to sell you their services?
Passion
You are looking for a tax advisor who is as passionate about taxes as you are about your business and ambitions. You don’t just need a straight-laced, linear-thinking accountant. You want someone creative, driven, knowledgeable, and able to take novel approaches to legally save you money from the IRS.
Availability
Meeting with a tax advisor is not a one-and-done kind of thing. You should meet with your tax advisor at least more often than you are seeing your dentist. Planning to exit a highly appreciated asset shouldn’t be rushed, and you’ll need time to understand your options, lay out your goals, plan a strategy, and execute. A good tax advisor will be with you the whole way and will make time to answer your questions, address concerns, and personalize your solution. You don’t want to choose an advisor who is so busy they won’t have time to prioritize you.
Why Choose Capital Gains Tax Solutions?
A Wealth of Experience
Capital Gains Tax Solutions has over 16 years of experience using the Deferred Sales Trust to help clients defer their capital gains taxes and maximize their investments. They also have 20 years of experience in investment real estate and have assisted clients with over $500 million in transactions using 1031 exchanges, multi-family brokerage, commercial real estate, and Deferred Sales Trusts. We have worked with hundreds of clients, all with unique backgrounds, needs, and challenges, and have helped them find tax solutions that gave them freedom, liquidity, and increased returns. We are happy to introduce you to many of our past clients who can answer your questions and tell you how we helped them transform their wealth.
Tried and Tested
The Deferred Sales Trust is not new, and its legality has been tested repeatedly. We have had over two and one half dozen IRS Federal or state level audits that have all closed with no changes. We are supremely confident in our strategies, and you can be too.
Some tax advisors will caution their clients from legal tax strategies because it might raise a “red flag” with the IRS. That is a sign that the consultant is afraid of the IRS and should be a red flag for you. In fact, the DST has never been on an IRS watchlist, dirty dozen list and has a perfect legal track record to date. The IRS undoubtedly knows more about taxes than the average taxpayer, which is why working with a highly knowledgeable tax attorney —one who understands tax law at an expert level and is unafraid of IRS audits—can be invaluable. At Capital Gains Tax Solutions, we collaborate with the creator of the DST and only tax attorney who has defended the DST in audits. They provide lifetime audit defense, ensuring you have peace of mind regarding your capital gains taxes and your standing with the IRS. Make sure you are working with those who in writing will disclose their DST audit track record.
Advisors You Can Trust
Our founder, Brett Swarts, is a real estate investment advisor, Deferred Sales Trust trustee, podcast host, author, and expert in capital gains tax strategies. He is an advisor you can trust. He is a dedicated husband, father of five, and community leader. Our clients praise his no-nonsense approach to providing clarity and options to those looking to exit highly appreciated assets.
No-Risk, No Obligation
When you reach out to Capital Gains Tax Solutions, we are happy to meet with you for a no-risk, no-obligation phone consultation. We will review your assets and go over your current tax liability. We will explain possible tax solutions, including the Deferred Sales Trust and its close to 30-year history. If you want to move forward with Capital Gains Tax Solutions, we will meet again with a tax attorney to dive deep into your assets, goals, and risk tolerance. We will start to build a tax strategy to meet the specific needs of your exit. You can walk away anytime; we don’t get paid until you close your sale.
Pressure Free Promise
We promise to give you a really good look at what we do and how we might be able to help you. If you like it and feel like it fits, then go ahead and make a decision and move forward, and let’s get started today. But we want to let you know that if you don’t like it, that’s completely okay too. We promise we won’t talk you into anything as our only goal is to help you figure out what is best for you. Our only request is that you just let us know clearly one way or the other.
Act Now
Timing is important when it comes to exiting a highly appreciated asset. Even if you aren’t sure you are ready to sell now, or your retirement is still a few years away, reach out for your free consultation. We can help you understand your options and create a strategy now so that you are ready when the time comes. You want to hire a capital gains tax advisor to give you peace of mind and a solid plan for your wealth.
You were smart enough to build your wealth, and you are smart enough to know when to turn to an expert. Our advisors at Capital Gains Tax Solutions are passionate, knowledgeable, experienced, and dedicated to helping our clients gain freedom and maximize their wealth.