We also work with our clients' designated tax professionals to identify any special circumstances that may impact their financial plan. We may also make alterations to their investment mix based on certain tax considerations. Of equal importance, we have extensive experience reviewing tax returns to identify planning opportunities. These may include optimizing passive losses, transacting 1031 exchanges and business sales and investing to account for alternative minimum tax.
At Wealth Management Group, Inc. we have found that a tax bill is the largest recurring expense that Americans are faced with. A central focus throughout the financial planning process is the reduction of our clients' tax burden. We prepare income tax returns for our clients and provide professional advice year round.
Tax planning focuses on structuring our client's finances now so as to minimize their tax burdens in years to come. Tax Planning is especially effective for those that are self-employed, own a business or have large taxable investment portfolios.