Tax Alpha Solutions: Effective Tax Management Strategies for High-Net-Worth Investors

by Matthew Chancey

Overview

In a world full of financial headlines, it can be tough for high earners to find the right tax solutions. Adding to the dilemma is the fact that most mainstream information caters to those who have less than $1 million in assets. For the wealthy, finding the best strategies can feel like an endless search. Financial products for high-net-worth individuals are not widely circulated. As a result, many are losing out on potential tax benefits and long-term wealth solutions.

That’s where tax expert Matthew Chancey comes in. After going through the coursework needed to become a certified financial planner and spending ample time in the construction and real estate industries, Chancey discovered there is a plethora of options for high income earners. The issue is often one of awareness: taxpayers who meet certain criteria may not know what they can do to save on taxes and manage their net worth.

Fortunately, Chancey is quick to share everything he’s learned throughout his own financial journey. From how to increase net worth through tax savings to handling one-time wealth events, Chancey sheds light on legal practices that make a difference. He shows how to approach required minimum distributions, annual gifting plans, qualified business income, and life insurance strategies. Privately held companies of all sizes will learn new strategies for sophisticated risk retention planning. International high net worth individuals will find unique investment opportunities to consider. Professionals in tax, real estate, business, and legal industries will learn about solutions that provide benefits for everyone involved.

Throughout Tax Alpha Solutions: Effective Tax Management Strategies for High-Net-Worth Investors, Chancey notes that financial trends come and go. The industry has changed over time. Products that worked in the past may not be the best tool for today’s clients. As a result of this evolution, it’s essential to know what’s currently available. Comparing solutions can help determine the right fit going forward.

Working with a tax expert who discusses tax planning options is the first step toward long-term benefits. When looking for the right one, it’s essential to understand the differences between tax preparation and tax planning. Tax preparation typically focuses on putting the right numbers in the right boxes at tax time. This activity tends to center on preparing documents to calculate a tax bill. Tax planning involves strategies to change how income and tax flow. Sessions regarding these solutions are often carried out in the second half of the year. When applied correctly, they can produce tax reductions and wealth protection over time. If your current tax professional doesn’t offer this type of meeting, it may be time to look for an expert who does.

Product Details

ISBN-13:	9798887500225
Publisher:	Advantage Media Group, Inc.
Publication date:	07/16/2024
Pages:	272
Product dimensions:	6.00(w) x 9.00(h) x (d)

About the Author

MATTHEW CHANCEY, CFP is a certified financial planner who specializes in tax planning. He works with high net worth and high-income individuals to execute legal tax strategies. He helps investors discover ways to reduce taxes in the short-term. He also carries out comprehensive financial planning and investment management solutions to enable clients to keep more of their income over the long-term. Chancey works with high profile individuals and is a sought after expert in his field. He is regularly asked to speak at events and is invited to present at educational workshops. He has contributed to media outlets including The Wall Street Journal, Bloomberg, ABC, NBC, CBS, and Fox News, among others. Chancey is based in Tampa, Florida and engages with clients throughout the country and globe.

Table of Contents

Introduction

Part I: The Matter of Taxes
Chapter 1: The Evolution of Financial Products
Chapter 2: Conflicts of Interest in the Marketplace
Chapter 3: Financial Products as a Solution to Financial Problems
Chapter 4: Increasing Net Worth through Tax Savings
Chapter 5: Meaningful Ways to Reduce Taxes
Chapter 6: Addressing an IRS Audit
Chapter 7: The Essentials of Due Diligence

Part II: Onetime Planning Opportunities
Chapter 8: Onetime Outlier Events
Chapter 9: Discounted Roth Conversions
Chapter 10: Capital Gains
Chapter 11: Stock Options
Chapter 12: The Sale of a Business
Chapter 13: The Sale of Commercial Real Estate
Chapter 14: The Sale of Something Unique
Chapter 15: Opportunities for International Clients

Part III: Annual Planning Opportunities

Chapter 16: Required Minimum Distributions (RMDs)
Chapter 17: Gifting Plans and Charities
Chapter 18: Taxable to Tax-Free Income
Chapter 19: Maximizing Qualified Business Income
Chapter 20: Sophisticated Risk Retention Planning for Privately Held Companies
Chapter 21: Advanced Life Insurance Strategies
Chapter 22: Tax Comparisons and “What-If” Scenarios

Part IV: Profession-Specific Opportunities
Chapter 23: Attorneys
Chapter 24: Real Estate–Related Professionals
Chapter 25: Small- to Mid-Sized Business Owners
Chapter 26: Business Brokers and M&A Consultants
Chapter 27: Tax Professionals

Conclusion
Appendix

What People are Saying About This

From the Publisher

"As a CERTIFIED FINANCIAL PLANNER and the owner of a financial services firm, I have a deep appreciation for innovative and effective financial strategies. Matt’s expertise in tax-advantaged solutions has not only broadened my knowledge base but also significantly added value to my practice. His ability to simplify complex financial concepts and tailor strategies to individual needs is remarkable. I highly recommend his book to anyone looking to deepen their understanding of finance and discover practical methods to maximize their financial potential."

Amanda K. Hayes-Blocksom
CERTIFIED FINANCIAL PLANNER™

"Matt changed the way I practice as a tax planning CPA. His Tax Alpha knowledge of how to deploy assets, create cash flows, and reduce taxes transcends traditional tax planning. His approach is fundamentally unique and creates a creative dynamic with the client. Working with Matt has allowed me to add a tremendous amount of value to my client relationships."

Richard F. Hayes, CPA

"Matt has been a lynchpin in choosing the opportunities and due diligence for our family office and its clients since 2019. He has helped save our clients tens of millions of dollars in tax savings and has helped structure some of the most unique alternative real estate investments that I have seen in the space. We pride ourselves in having one of the most intelligent and experienced teams of experts on our board, where Matt is one of the shining stars."

Greg Meerbaum
CEO, Coastal Investment Company

"I have been working in the financial services business for thirty-five years, and our firm has served CPAs, RIAs, registered advisors, and internal clients with needs for tax-advantaged products during that time. Most of these folks have a limited understanding of what the solutions are and how they really work. Tax Alpha Solutions should be mandatory reading for anyone wanting to know pathways to better understand tax-advantaged investing to get better tax-smart financial outcomes. I certainly found this to be useful to me and how I will work with professionals going forward."

Gene King
Investment Banking Managing Director

"Building, growing, and running a successful business is hard enough without having to navigate the nuances of the tax system. After fifteen years of building a successful business, we were fortunate enough to sell but like most weren’t prepared for what to do next. That’s where Matt came in and educated us on tax strategies we weren’t aware of, which saved us millions of dollars. If you’re a business owner, the time to start planning is now and this is the book to help you do it."

Blake M.
CEO and Serial Entrepreneur

"Knowledge. It’s the first word I think of when I think of Matt Chancey. It’s what I want when I seek help, and what clients need—and Matt is driven to know it all. I’ve known Matt for about seven or eight years now, and in my many years as a CPA practitioner there are few who are as knowledgeable in his field and able to present their knowledge in a clear and understandable manner. It’s clear when you work with Matt that the purpose of obtaining all this knowledge is to inform the client about everything they need to know, so they can make the most informed decision possible in their best interest. I hope the words in his book bring to life the energy he has in person."

Katherine Smith, CPA

"I’m a multifamily investment sales broker with a focus in the Southeastern Region of the United States. I run a high-preforming team that is constantly utilizing the Tax Alpha strategies presented in this book to add value to our clients. These concepts have been very beneficial, and solved a lot of tax related problems for our clients and also for me personally."

C. K.
Real Estate Broker

"Matt Chancey is one of the most knowledgeable certified financial planners I have ever met. Being a CPA and attorney, I pride myself in my knowledge of tax law and tax mitigation strategies, and immediately upon meeting Matt, I knew I have even more to learn! Matt's know-how and capabilities, coupled with his ingenuity and honesty make him top of the list for me for any client recommendations or referrals. Ninety-nine percent of my clients are selling their life's work as they sell their company after many years of ownership, and I trust sending them to Matt for tax guidance, deferral, and elimination."

Roman Basi
CPA and Attorney at Law