Your Origin Planner can help with general tax guidance and education, but in-depth or detailed tax advice will require an outside tax professional. What does that even mean, you may ask? Read on!
A few examples of what your Origin Planner can help with:
- Suggest tax efficient ways to sell securities
- Recommend contributions to retirement/tax-sheltered accounts (IRAs, 529's)
- Suggest Roth conversions
- Identify if you need to make quarterly estimated tax payments
- Estimate alternative minimum tax for exercising incentive stock options (ISOs) by using online stock option calculators
- Recommend actions to minimize tax liability/maximize tax returns
- Review and suggest charitable giving strategies
When a CPA is required:
- Tax planning and tax estimates
- Analysis/modeling on when to best exercise stock options
- Advice on the amount of quarterly estimated tax payments
- Advice on alternative minimum tax payments for exercising incentive stock options (ISOs), including variable income year-to-year
- Prepare tax calculations
Origin CFPs do not provide tax, legal or accounting advice. Any general tax information provided by Origin’s CFP is provided for informational purposes only. Before making any decision or taking any action with respect to your personal tax situation, you should consult a professional tax adviser who has been provided with all pertinent facts relevant to your particular situation.
Articles you may find useful:
Should I Hire a CPA?
A Stress-Free Guide to Tax Season
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