Menu Tax Understanding tax strategies and managing your tax bill should be part of any sound financial approach. Some taxes can be deferred, and others can be managed through tax-efficient investing. With careful and consistent preparation, you may be able to manage the impact of taxes on your financial efforts. Featured Video Making Your Tax Bracket Work Have you explored all your options when it comes to managing your taxable income? Have A Question About This Topic? Name Email Question The Facts About Income Tax Millions faithfully file their 1040 forms each April. But some things about federal income taxes may surprise you. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Social Security Taxes Estimate how much of your Social Security benefit may be considered taxable. ARTICLES CALCULATORS VIDEOS Tax & Estate Strategies for Married LGBTQ+ Couples Learn how to maximize your tax and estate strategy as a married member of the LGBTQ+ community. What Is a 1035 Exchange? 1035 exchanges provide a way to trade-in an annuity contract or life insurance policy without triggering a tax liability. Filing Final Tax Returns for the Deceased The federal government requires deceased individuals to file a final income tax return. Does Your Child Need to File an Income Tax Return? When your child has income, there’s a good chance that he or she will need to report it and pay taxes. Tax Rules When Selling Your Home The tax rules governing profits you realize from the sale of your home have changed in recent years. What Do Your Taxes Pay For? Here's a breakdown of how the federal government spends your tax money. VIEW ALL ARTICLES Cornell Capital Management (716) 741-0149 Fax: (716) 741-8417 6020 Fairlane Drive Clarence Center, NY 14032 Send an Email The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. Some of this material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named representative, broker - dealer, state - or SEC - registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. We take protecting your data and privacy very seriously. As of January 1, 2020 the California Consumer Privacy Act (CCPA) suggests the following link as an extra measure to safeguard your data: Do not sell my personal information. Copyright 2021 FMG Suite.