Tax Alpha Solutions - by Matthew Chancey (Hardcover)

About the Book

Wealth Management for High Earners: Know the Options Available to You

There's good news for investors: legal, tangible tax strategies are out there--they just need to be found.

In Tax Alpha Solutions: Effective Tax Management Strategies for High-Net-Worth Investors, Matthew Chancey unveils specific, tested tax solutions for accredited investors and those who are eligible. Accredited investors meet certain thresholds, including a net worth of at least $1 million, not counting their main residence. These investors, and individuals with higher levels of net worth, have unique tax opportunities available to them. Based on their level of earnings and investments, they can access products that have the potential to help them effectively manage their tax strategies and meet or surpass their long-term goals.

Throughout the chapters, Chancey draws on his ample experience of working with high income clients around the nation and globe. He shares techniques he's implemented to help individuals and families manage their taxes. He lays out plans that have enabled clients to protect their wealth over the long-term.

High-net-worth investors and those who aspire to wealth will discover a world of possibilities. They'll learn about commonly overlooked strategies, including chances to plan wisely when a one-time wealth event occurs. In addition, professionals in legal, tax, and real estate-related industries will gain insight on how to apply these products to their niches. Overall, readers will gain knowledge on paths to consider that could help them make business and personal financial decisions.

Book Synopsis

In a world full of financial headlines, it can be tough for high earners to find the right tax solutions. Adding to the dilemma is the fact that most mainstream information caters to those who have less than $1 million in assets. For the wealthy, finding the best strategies can feel like an endless search. Financial products for high-net-worth individuals are not widely circulated. As a result, many are losing out on potential tax benefits and long-term wealth solutions.

That's where tax expert Matthew Chancey comes in. After going through the coursework needed to become a certified financial planner and spending ample time in the construction and real estate industries, Chancey discovered there is a plethora of options for high income earners. The issue is often one of awareness: taxpayers who meet certain criteria may not know what they can do to save on taxes and manage their net worth.

Fortunately, Chancey is quick to share everything he's learned throughout his own financial journey. From how to increase net worth through tax savings to handling one-time wealth events, Chancey sheds light on legal practices that make a difference. He shows how to approach required minimum distributions, annual gifting plans, qualified business income, and life insurance strategies. Privately held companies of all sizes will learn new strategies for sophisticated risk retention planning. International high net worth individuals will find unique investment opportunities to consider. Professionals in tax, real estate, business, and legal industries will learn about solutions that provide benefits for everyone involved.

Throughout Tax Alpha Solutions: Effective Tax Management Strategies for High-Net-Worth Investors, Chancey notes that financial trends come and go. The industry has changed over time. Products that worked in the past may not be the best tool for today's clients. As a result of this evolution, it's essential to know what's currently available. Comparing solutions can help determine the right fit going forward.

Working with a tax expert who discusses tax planning options is the first step toward long-term benefits. When looking for the right one, it's essential to understand the differences between tax preparation and tax planning. Tax preparation typically focuses on putting the right numbers in the right boxes at tax time. This activity tends to center on preparing documents to calculate a tax bill. Tax planning involves strategies to change how income and tax flow. Sessions regarding these solutions are often carried out in the second half of the year. When applied correctly, they can produce tax reductions and wealth protection over time. If your current tax professional doesn't offer this type of meeting, it may be time to look for an expert who does.

From the Back Cover

Today's financial industry caters to mainstream, middle income earners. And that's exactly why high-income taxpayers aren't always aware of their options. In his book, financial expert Matthew Chancey explains that certain products are only available to those who meet the established criteria for income and net worth. If you're a higher earner, you'll find there is much you can do--starting now--to plan for taxes and manage wealth over the long-term.

In these pages, Chancey spells out terms including accredited investor, qualified investor, and qualified purchaser. He shares approaches that can be taken if a business or real estate is sold. He lists considerations to make for stock options, Roth conversions, capital gains, and international situations, along with tax planning opportunities that could lead to additional savings and benefits. Altogether readers will find eye-opening techniques that can change the trajectory of their wealth.