Keeping your money out of the hands of the Internal Revenue Service is a bit more complicated that this:
If only it were this easy, right? Unfortunately, it will take a little more than an “unsubscribe” request to avoid paying too much in taxes. As the tax filing deadline approaches (the IRS has extended the deadline until April 17th due to a weekend and a holiday) many people are thinking about ways to reduce their tax burden. Of course, basic tax planning includes things like taking advantage of all legitimate exemptions, tax deductions, and tax credits. Make sure that you are working with a CPA, EA, or other tax professional that will make sure you aren’t missing out an any of these items.
Basic tax planning is great, but beyond the basics there are a number of ways that you can reduce or even eliminate your tax burden. This is one of the things that we specialize in, especially when working with retirees, business owners, and our self-employed clients. The bottom line is that we help our clients develop and implement tax strategies that save them money.
If you’d like to discuss your specific situation, please feel free to give me a call at (877) 883-3561.