Tax Advice & Tax Filing
We provide tax advice and tax filing services via an integrated partnership with licensed tax firm Uprise.
(Got a great thing going with your current tax professional? We can also work with them to integrate their services.)
A personal relationship to organize and optimize your full financial life
Your Highest-Tax Years Deserve a Strategy
Today, you may be in the highest-earning – and highest taxed – decade of your career.
One of the first principles of investing is that “one dollar today is worth more than one dollar tomorrow.” Shifting your lifetime tax bill from your highest-income years to later, lower-tax years can create compounding benefits and accelerate your household wealth creation. Taxes may be one of the biggest dollar expenses of your life; they shouldn’t be something that just happens to you. You should be in the driver seat.
Kitces.com. “Household Tax Rate Changes Are Driven by Life Events Over Time.” 25 Aug. 2021. From Limits Of Tax Diversification And The Tax Alpha Of Roth Optimization.
Good Help Can Be Hard to Find
If you’ve been looking for help with taxes and found it tricky, you’re not crazy or missing something: the industry faces a generational talent shortage. Many firms are restricting new clients – or, with crowds beating down their doors, taking on more clients than they can serve well. Since founding our firm, we’ve seen clients struggle with:
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Constrained by an existing team and increasing financial complexity, many firms are no longer accepting new clients.
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Tax professionals typically ask, “What did you do last year, and how should we file the paperwork?” Unlike a financial advisor, their job is not to look forward and create a strategy.
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A CPA may be processing hundreds of returns; they don’t know off the top of their head whether you contributed to a 529 or donated to a DAF. Your financial advisor’s second set of eyes can support accuracy in your return.
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You give your financial advisor your W2; you give your CPA your W2. You give your financial advisor your 1099; you give your CPA your 1099s. A “one stop shop” gives you back your time – and your “Downloads” folder.
RightWise’s Facilitation Includes
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Project Management for Your Return
We can help provide documents, communicate on your behalf with your CPA, support deadline management, and reduce the “mental load” of annual and quarterly returns
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No More Passing the Buck with “Consult Your Tax Professional”
Legally, advisors’ licenses and training end at the crisp border between tax planning (strategy and projections) and tax advice (specific recommendations and implementation.) Our integrated service brings together these services for seamless conversations.
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A Second Set of Eyes
A CPA may be processing hundreds of returns; they don’t know off the top of their head whether you contributed to a 529 or donated to a DAF. Your financial advisor’s second set of eyes can support accuracy in your return.
Our integrated service brings together tax planning, strategy and implementation across
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Comply with requirements and stay ahead of penalties or returns that tie up your cash flow, with quarterly filing
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Don’t rely on social media gurus who asterisk “this is not advice.” Integrate the financial planning and tax admin of renting out a home
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Accounting for charitable deductions (including DAF contributions) and medical expenses
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Outsource the paperwork burden to a professional
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Work with a tax professional to correct omissions or incorrect decisions from prior years
Separate fees may apply
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Including initial filing and ongoing income decision
We’re Excited to Partner with Uprise
RightWise facilitates and enables Uprise’s services via a contracted relationship.
Uprise’s secure, tech-first platform makes it simple to share documents, track progress, and stay organized through the year. Uprise has worked with thousands of households. including founders, business owners, and high-net-worth employees of companies like OpenAI, Google, Uber, and Amazon
With a large professional team and dedicated support structure, Uprise strives for returns that are accurate, on time, and stress-free - even during the busiest seasons.
Three Packages
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Basic Return
• 1040 Federal personal return
• One state personal return
• Extension filing, as relevant
• Includes W-2, 1099 forms, HSA, retirement accounts, standard forms
• Response to related IRS correspondence
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Comprehensive Return & Quarterly Estimates
• Tax advice, including: rental properties, business ownership, stock options / RSU planning, QSBS stacking
• 1040 Federal personal return
• One state tax personal return
• Four quarterly estimates
• Extension filing, as relevant
• One Schedule C
• Up to two rental properties
• Up to two K-1s
• Includes W-2, 1099 forms, HSA, retirement accounts, standard forms
• Response to related IRS correspondence
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Business Owner Return
• Tax advice, including: entity selection, business distributions, business deductions and timing, QSBS planning
• 1040 Federal personal return
• One state tax personal return
• One business return: 1120S, 1065 or 1120
• Four quarterly estimates
• Extension filing, as relevant
• Up to two owners / partners
• Up to five rental properties
• Up to five K-1s
• Includes W-2, 1099 forms, HSA, retirement accounts, standard forms
• Response to related IRS correspondence
Availability subject to suitability. Invoiced separately from financial planning. Additional services (e.g., additional state returns or K-1s) are available for an additional fee. This overview is provided as a preliminary reference and is not intended as the definitive description of included services. Questions? Ask your RightWise advisor.
Want something different for this coming tax season?
Reach out for a friendly conversation with the RightWise team about what integrated financial planning, investment management and tax services could mean for you.