Tax Strategies

At Evermay, we take a proactive approach to tax management. We are careful to review all tax lots and assess all tax implications prior to selling specific securities or executing trades. We also look to place less tax-efficient investments in tax-sheltered or tax-deferred accounts such as Individual Retirement Accounts (IRA’s) and Simplified Employee Pension (SEP) plans. In addition, when appropriate we recommend high-grade, tax-exempt state and local bonds to help mitigate your portfolio’s tax liability. Rest assured that we will always keep a keen eye on tax implications.

To facilitate your tax filing, we have a sophisticated reporting system that tracks and records all transactions, trades and distributions throughout the year. At year’s end, we provide you with a comprehensive, tax-reporting package that includes a detailed accounting of your portfolio gains, losses, income and expenses. We also compile and review your 1099’s, K-1’s, and any other relevant information, and forward those as well.