Forum Discussion

A prospective client has come to you for some expert tax planning advice. He is thinking about investing in a taxable bond fund and a municipal bond fund and wants to know what he should be considering from a tax planning perspective when comparing the two investment alternatives.

He is also considering becoming a silent partner in a business that is determining whether to operate as a partnership or an S-corporation and he wants you to help him explain how both of these business structures could affect him from a tax planning perspective.

The client has both a Roth IRA and a 529 plan set up that each have balances of $50,000. What tax consequences should he be aware of regarding each of these accounts when it comes time to decide where to withdraw money from to pay qualified higher education expenses?