Income Tax Advice
Many investment professionals will state the following:
We do not provide tax, legal, or accounting advice.
This is not Gladwyn's position as nearly every aspect of financial and investment advice creates income tax ramifications. All financial planners and investment advisors should be very well-versed with income taxes.
Investment management and other financial actions can affect your income taxes in very significant ways. Engaging an advisor who not only knows tax laws, but has also prepared income tax returns for many years is very advantageous.
Tim Murray, CFP® has been an income tax practitioner since 1988 and is an active member of the National Association of Tax Preparers (NATP).