Yeah, not that season. We’re barely past Halloween. Christmas is still several months away.
I am, of course talking, of tax planning season.
Please don’t yawn when I say that.
Yes, tax planning season. Now is the time to plan so you can lower the taxes you will be paying to the Internal Revenue Service and the states.
Now is the time to put into place the instruments and structures to freeze asset worth and pass wealth or at least limit the amount of taxes to be paid on that wealth and income.
Tax planning comes in one of three flavors – corporate tax planning, individual tax planning, and estate planning. Over the next few weeks we’ll be posting on each of these separately.
Contact a tax professional today, and review your return.
You are leaving money on the table.