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Everyone has heard the phrase, “ the only sure
things in life are death and taxes.” While you cannot do much about
death, you can do something to make certain you are paying the
minimum amount of income tax. In today’s complex income tax
environment, self-prepared tax returns or returns done by a
storefront tax preparer can often mean thousands of dollars in extra
taxes (not to mention the risk of incorrectly prepared returns). It
is vital to have access to competent and experienced tax counsel
throughout the year, but primarily at tax time.
At McCormick Braun Friman, LLC, we do not just crunch the numbers.
We take a global look at your tax and financial structure to
recommend a coordinated plan that can save you thousands of dollars
as well as ensure that your return is done correctly.
Our attorneys have extensive experience in representing clients in
disputes with the IRS. The combination of experience, education and
background, when applied to your individual tax situation, can mean
thousands of dollars in savings for you at tax time.
Effective tax planning requires a review of your financial structure
in the current tax year. By planning properly now you can save money
and time when it comes to preparing your return. We have many
strategies that can be implemented to save you money. We recommend
the following:
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Review your income statement and budget to
determine whether you can defer income or accelerate deductions
in the current year.
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Maximize contributions to your retirement plan.
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Shift income to your children or other family
members.
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Take advantage of charitable giving.
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Review your stock portfolio to determine the tax
benefits of tax selling.
Effective tax planning now can reap big rewards at
tax time. |
