Stone is bound to spend the next several months complaining that he’s being persecuted by the government. But according to the IRS, he’s no victim.
Advisors are counseling clients to max out their retirement accounts, park gains in tax-deferred opportunity zone funds and even sell some assets.
Many people are still confused about how to handle last year’s tax changes and are grateful for the delayed 2020 tax deadline.
The prospect for higher taxes continues to be a concern for investors, but what does history suggest will happen?