Individual tax preparation
E Filing Tax Services for all 50 States
- Your tax return will be checked and rechecked by our computer software, identifying potential problems.
- Your tax return can be filed electronically.
- We will actively look for current deductions you may have forgotten about
- We will show you potential deductions to minimize your tax liability for next year
Proactive Tax Planning
Most individual taxpayers are not aware that there are a variety of methods that can greatly reduce your income taxes. At Life Plan Taxes, Proactive Tax Planning is the core of our business and not a service we simply "do". We personally meet with you to discuss in person or over the phone, review and evaluate your income tax return and find your missed opportunities that cost you money.
As they say, "people don't plan to fail, they fail to plan".
Poor planning - or failure to plan at all - can cost taxpayers thousands of dollars each year. Our goal is to reduce your income tax liability by ensuring that you pay only what you need to, and nothing more.
Tax Savings Strategies will help you
- Grow and preserve assets
- Reduce taxes on your income so you keep more of what you make
- Reduce taxes on your estate so your family keeps more of what you've made
- Reduce taxes on your gifts so you can give more.
- Reduce taxes on your investments
How- a few of the strategies include
- Splitting income among several family members or legal entities in order to get more of the income taxed in lower bracket.
- Shifting income or expenses from one year to another in order to have them fall where it will be taxed at a lower rate.
- Deferring tax liabilities through certain investment choices such as pension plans, contributions and other similar plans.
- Using certain investments to produce income that is tax exempt from either federal or state or both taxing entities.
- Finding tax deductions by structuring your money to pay for things you enjoy, such as a vacation home.