is a certain mystique that has grown up around tax planning
and tax-cutting techniques. We are here to put tax planning
into plain English for you.
are actually several basic tax-cutting strategies, and most
plans involve one or a combination of them. In a nutshell,
the strategies are:
income among several family members or legal entities
in order to get more of the income taxed in lower
income from one year to another in order to have
it fall where it will be taxed at the lower rate.
deductions from one year to another to place them
where the tax benefit will be greater.
tax liability through certain investment choices
and through pension plan contributions.
your affairs to obtain a tax deduction for some
expenses paid for things you enjoy - a vacation home,
your money to produce income that is exempt from
either federal or state income tax or both.
Today's tax laws are so complicated that unless your financial
affairs are extremely simple, chances are you will benefit
from at least occasional help from a tax professional. It
is too easy to overlook deductions and credits to which you
are entitled if you prepare only one return a year. Even the
use of computer software is no substitute for the assistance
of a seasoned tax preparer.
hundreds of tax returns every year. We know what to look for
when your return is prepared. More importantly, you have someone
to ask questions of during the rest of the year. And we can
put you on our mailing list to receive timely tax and financial
you call us for a no-charge initial conference? We will discuss
your financial and tax situation and determine how we can
help you. If your financial affairs are simple, it may be
a short meeting. If you have extensive holdings, your needs
are more complicated and should be treated accordingly.
are your chances of being audited by the IRS?
to do a quick estimate.