Plain-language answers to the most common tax & accounting questions, written by Haute Wealth's editorial team and reviewed by our advisors.
Tax preparation and tax planning are different services that people constantly conflate, and understanding the distinction is the first s…
Read Answer →Choosing a CPA or tax advisor for a high-net-worth situation is choosing the professional who will shape how much of your wealth you keep…
Read Answer →A 1031 exchange (named for the Internal Revenue Code section that authorizes it) is a tax strategy that lets a real estate investor defer…
Read Answer →When you sell an investment for a profit, the gain is taxed — but how much depends significantly on how long you held it, which is why th…
Read Answer →Tax-loss harvesting is a strategy of selling investments that have declined in value to realize a loss, which can then be used to offset…
Read Answer →A family limited partnership (FLP) is a business entity structure used by some high-net-worth families to manage and transfer family weal…
Read Answer →Hiring a tax advisor for a high-net-worth situation is hiring the professional who will shape how much of your wealth you keep, so the in…
Read Answer →Many business owners operate through "pass-through" entities — sole proprietorships, partnerships, S corporations, and LLCs — where the b…
Read Answer →Charitable giving can be both a genuine expression of a family's values and a tax-efficient component of financial planning — and for hig…
Read Answer →an Installment Sale is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and accounti…
Read Answer →a Charitable Lead Trust (CLT) is a concept every high-net-worth individual should understand as part of comprehensive tax optimization an…
Read Answer →a Donor-Advised Fund (DAF) is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and a…
Read Answer →CRUT vs. CRAT: Which Charitable Trust Is Right is a concept every high-net-worth individual should understand as part of comprehensive ta…
Read Answer →State Income Tax Planning for HNW Individuals is a concept every high-net-worth individual should understand as part of comprehensive tax…
Read Answer →a Private Foundation is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and account…
Read Answer →Handle Cryptocurrency Taxes is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and…
Read Answer →an Opportunity Zone Investment is a concept every high-net-worth individual should understand as part of comprehensive tax optimization a…
Read Answer →the Net Investment Income Tax (NIIT) is a concept every high-net-worth individual should understand as part of comprehensive tax optimiza…
Read Answer →Cost Segregation is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and accounting…
Read Answer →How Grantor Trusts Reduce Estate Taxes is a concept every high-net-worth individual should understand as part of comprehensive tax optimi…
Read Answer →Qualified Small Business Stock (QSBS) is a concept every high-net-worth individual should understand as part of comprehensive tax optimiz…
Read Answer →Minimize the Alternative Minimum Tax (AMT) is a concept every high-net-worth individual should understand as part of comprehensive tax op…
Read Answer →a Deferred Sales Trust is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and accou…
Read Answer →International Tax Planning for U.S. Citizens is a concept every high-net-worth individual should understand as part of comprehensive tax…
Read Answer →a Conservation Easement is a concept every high-net-worth individual should understand as part of comprehensive tax optimization and acco…
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