Planning ahead is the best way to minimize your tax exposure
When Californians invest, whether in securities, real estate, or other appreciable assets, they do so with the hope that those investments will continue to increase in value over time, yielding a good return in either the short or long term. Unfortunately, Californians with these investments can be liable for a high capital gains tax when they sell their investments. These capital gains can be difficult to calculate and plan for and failing to properly respect and comply with them may result in penalties and other consequences. There are many steps an individual can take to reduce their capital gains tax liability.
The tax and estate planning attorneys at Hobin & Hobin LLP are happy to help our neighbors in Contra Costa County plan for capital gains taxes and ensure that they understand their tax liabilities and how to avoid these liabilities when it is possible.
Federal and State capital gain tax liability can be daunting to understand and to pay. Let us help you get a handle on the situation, and understand your tax options before you end up owing a large amount that may have been avoidable. Call us today to share your situation and schedule an in-person consultation with experienced tax lawyers in our Antioch office. We can be reached at (925) 757-7585 or you may email one of our attorneys directly using the contact information in the tab above.
Do you like writing checks to the government?
We didn't think so. Let us help you plan for the future so you can keep more of your hard earned cash!