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Tax Preparation and Planning

Tax Planning Strategies to Insure Tax Compliancy for Individuals and Business

 

 

 

 

 

Are You Missing Valuable Tax Deductions Right Now?

Missing these tax deductions could cost you Thousands of Dollars! Did you know that millions of taxpayers give the IRS too much money every year? It’s true! According to a study conducted by the General Accounting Office (GAO), 2.2 million Americans overpay their income taxes to the tune of nearly $1 billion. 

So why do taxpayers give Uncle Sam such a hefty handout? The answer’s simple: Most folks don’t know they’re doing it.

Phoenix Best Tax Preparation and Filing Award

Don’t Let Uncle Sam “Keep” Any Of Your Hard-Earned Money.  

Discover the Legal Secret Of Filing your Tax Return And NOT Over-Paying (With NO Fear Of An IRS Audit!) No one likes paying taxes or filing returns. That’s why we’re always working to help our clients develop long-term tax planning strategies to minimize the amount they have to pay, both now and into the future. 

Trust your Taxes to Legacy Tax & Resolution Services!

We have developed custom worksheets, organizers and tools to make the tax preparation process less painful and to gather every deduction legally possible. We take the time to get to know you and your business, because there is not just one way to cut business and personal taxes.  It takes a team effort to build positive long-term strategies and to stay ahead of the ever-changing tax rules. We obsess about tax reduction, so you don’t have to.

Individual Tax Preparation

Whether we like it or not, today's tax laws are so complicated that filing a relatively simple return can be confusing.  It is just too easy to overlook deductions and credits to which you are entitled.  Just recently laws have gone into effect that makes it difficult for most individuals to prepare their own returns.  See why our tax information gathering process is like nothing you have experienced before.  We have the worksheets, checklists and organizers that will gather ever deduction legally possible Guaranteed

Business Tax Preparation

The small business owners using a tax specialist typically receive a lower the final tax bill. Important concepts that could contribute to your overall tax reduction are, proper business classification, end of year purchase decisions, control your tax due date with extensions, negotiate a monthly payment and taking full advantage of applicable tax deductions.  Find out we are at the top of our game when it comes to business returns. Backed by an Ironclad 100% money back Guarantee

Individual Tax Planning Strategies

Now, more than ever, individuals and families should take steps to maximize income and gift tax savings, taking into consideration their own specific economic, financial and tax situation.   Tax planning can impact taxpayer by; 1) deterring income or exhilaration expenses, freeing up cash flow for investments, business or personal use 2) Taking advantages of tax rate differentials between years  3) prevent, or minimize, the impact of the alternative minimum tax (“AMT”) 4) reduce eventual estate taxes, maxi­mize the amount of funds available for retirement, educating your children/grandchildren.

We recommend Tax Saving Strategies that help you...

  • grow and preserve assets by keeping Uncle Sam out of your pockets.
  • defer income so you can keep your money now and pay less taxes later.
  • 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 so you can grow your wealth faster.
  • reduce taxes on your retirement distributions so you can retire in style.

 
Here's just a few of the Tax Saving Strategies we use:

  • 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.

Find out about the other tax individual reduction strategies

Business Tax Planning

There are countless tax planning strategies available to business owner. Some are aimed at the owner’s individual tax burden, and some at the business level itself. But regardless of how simple or how complex a tax strategy, it will be based on strategies to accomplish one or more of these often overlapping goals:

  • Reducing the amount of taxable income
  • Lowering your tax rate  
  • Controlling the time when the tax must be paid
  • Avoiding the most common tax planning mistakes


Claiming any available tax credits and incentives including;

  • Cost segregation studies
  • R&D tax credits
  • Section 199 manufacturing deduction
  • Section 460 studies for contractors

Local economic development programs offering tax credits and other incentives

  • Find out the other business tax reduction strategies employed

 

 

 

 

 

 

 

 

 

 

We Offer Financing for Multi-Year Tax Prep Catchup Projects

 

Call for a FREE Consultation 800 829 7483

Legacy Tax and Resolution can take your case, process and file the appropriate forms and help mitigate the judgment against you. Call Legacy Tax and Resolution NOW

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