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Category: Tax Planning

Changes in Marginal Tax Bracket, Deductions, Credits and Exclusions from 2023 to 2024
Changes in Marginal Tax Bracket, Deductions, Credits and Exclusions from 2023 to 2024
31 Jan 2024
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Tax season is upon us, and we are here to provide you with the essential updates that have been released by the IRS regarding the 2024 tax year. The main updates are inflation adjustments to […]
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Leveraging Qualified Charitable Distributions
Leveraging Qualified Charitable Distributions
Navigating the tax code to identify tax planning opportunities is tricky for the average joe. Even Albert Einstein said, “The hardest thing to understand in the world is the income tax.” With tax season wrapping […]
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Navigating Mutual Fund Capital Gains Distributions: Unraveling the Phantom Income Tax
Navigating Mutual Fund Capital Gains Distributions: Unraveling the Phantom Income Tax
30 Nov 2023
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As an investor, you most likely have a clear goal in mind: to grow your wealth over time while minimizing risk. Mutual funds have long been a popular choice for investors in pursuit of this […]
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How RMDs Work
How RMDs Work
22 Nov 2023
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A Required Minimum Distribution (RMD) from a retirement account is exactly what it says – required, mandated, a “must-do”.  It’s a specific, calculated amount that must be distributed from the account each year you live […]
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Do I Need a Trust?
Do I Need a Trust?
6 Nov 2023
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Many high net worth individuals will come to the point where they ask themselves the question, “Do I need a trust?” Estate laws can be confusing, and getting advice from an unqualified source can make […]
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Section 1031-Tax Deferred Exchange
Section 1031-Tax Deferred Exchange
22 Feb 2023
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A POWERFUL BUT OFTEN OVERLOOKED TOOL  Over the years, BentOak Capital advisors have advised and assisted numerous clients in deferring thousands of dollars in taxes on real estate transactions using the legal deferral techniques afforded […]
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How Secure Act 2.0 Could Affect You In 2023
How Secure Act 2.0 Could Affect You In 2023
One of the more impactful pieces of the December 2022 Consolidated Appropriations Act that passed into law is the so-called Secure Act 2.0.  You may remember the original Secure Act from December 2019 that reshaped […]
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Tax Loss Harvesting
Tax Loss Harvesting
In challenging years in the markets, such as this one, it can be difficult to find positives. One potential silver lining for times like this is that we are presented with an opportunity to possibly […]
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How We Learned to Stop Worrying and Love the 1040
How We Learned to Stop Worrying and Love the 1040
28 Apr 2022
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If you have met with one of our advisors, we have probably asked you to share your most recent tax return with us.  While we are not tax advisors or tax preparers, we do have […]
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Tax Season is Every Season
Tax Season is Every Season
21 Mar 2022
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Introduction Tax season is in full swing.  As we write this blog, we are about a month away from the annual April 15 Tax Day deadline.  Most people think about taxes once or maybe twice […]
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