Taxes

• Tax Services
  I f you are a CPA specializing in tax preparation or a financial professional working with married couples, you may be faced with a client contemplating or going through a divorce.
• Roth IRA
  A ROTH IRA also accumulates tax free but when you withdraw from a ROTH IRA, it’s not taxable and there are no required distributions. For it to be nontaxable, the money generally needs to be in the ROTH IRA for 5 years (beginning with January 1st of the year of conversion.)
• Income Tax
  The tax consequences of divorce can be critical. Since it is the unusual divorce attorney who understands the intricacies of federal and California income tax laws, CPAs are well-suited to help clients structure their divorce settlements to be in compliance with state and federal laws.
• Tax Return Preparation
  Beyond compliance, CPAs help clients structure their settlements to pay the least amount of tax and result in the least amount of difficulty in tax return preparation. This involves reviewing their clients' marital settlement agreements for any tax consequences and explaining to them--and to their attorneys--any differences between the actual tax consequences and those stated in the agreement.

Accounting

• Accounting Services
  N addition to our divorce specialty, we offer traditional accounting services including tax, financial, estate, retirement and business planning to individuals and small businesses as well as prepare tax returns.

Planning

• Financial Planning
  I have known Beverly Brautigam since 1981 when I moved to Sacramento and began my practice as a Certified Financial Planner. We have had a solid business relationship ever since, as we share the same pro-active business philosophies. Recently, we worked together and succeeded in arranging for a mutual client to maintain her spousal support. Often, co-ordinated financial planning - planning which involves more than one professional, i.e.; a CFP and a CPA - produces the best and most thorough results.
• Retirement Planning
  Couples that are planning to marry need to address how to deal with the pension plans. Under state law, a spouse can gain an interest in the other party's pension. This interest can be waived by the spouse, allowing pension plan benefits to flow to children or other beneficiaries of the owner/spouse...if that is desired.
• Living Trusts
  This third type is an inexpensive, practical way to hold title without probate, without a community-property set aside, without a living trust and still achieve a double step-up in basis.
• College Funding
  Would you like to reduce your taxable estate now, provide for college funding for a child, grandchild, or anyone for that matter, have the growth and income in the fund accumulate tax free and, if the money is used for higher education, have the distributions tax free for federal and California income tax purposes all the while maintaining control over the funds?