Midyear Tax Planning Ideas

Tax planning is a year-round process, so now is a good time to think about your tax matters.

Confer with your tax advisor.

Gift to a Relative

Consider making the gift in conjunction with the overall revamping of your stocks and mutual funds held in taxable brokerage accounts to achieve better tax results. Don’t gift loser shares (currently worth less than you paid for them). Instead, sell these shares, recognize the capital loss on your tax return, and then gift the cash proceeds to a relative. 2019 gift tax exclusion – $15,000.

Confer with your tax advisor.


Phishing is a scam typically carried out by unsolicited e-mail and/or bogus websites posing as legitimate sites luring unsuspecting victims to provide personal  and financial information.

Remember, the IRS does not initiate contact with taxpayers by phone, e-mail, text, or any social media.

Confer with your tax advisor.

Dirty Dirty Dozen

IRS releases a list of the top tax scams annually. The Agency encourages taxpayers to remain vigilant 24/7/365.

See this year’s list at


Also see…


Confer with your tax advisor.