Personal Tax Advice
We can help you with tax planning of your investments and real estate holdings. Individual tax planning and preparation of income tax returns are just two of the services we offer.
For example, when you buy or sell your home, what kind of tax breaks are available to you and how you can best position yourself to take advantage of them...without knowing the rules, you can easily end up paying capital gains tax or real estate taxes that the law otherwise allows you to exclude.
What about the tax effects and consequences of your investment activities? From a tax-savings standpoint, how do you best put money aside for your children/grandchildren's education or for a rainy day? The IRS allows ways to minimize the tax burden on you and the child. If not planned properly, you and the youngster may end up with a big tax bill when he needs the money for College or private school.
Other things you may need to know but haven't thought about are: What kind of deductions are allowed and how much of your expenses are deductible? What kind of tax deferral is available when you come into some money? How can you be tax-smart in accomplishing some of your goals and take care of your concerns?
All of these are questions we can answer. And our estate planning service can help you minimize the estate and gift tax hit when you pass away.
Some topics that may be of interest to you are:
The difference between Roth IRAs and Traditional IRAs.
Tax documents you will need for return preparation.
Coverdell Education Savings Accounts.
