Tax Planning

As the old saying goes, "Nothing is certain but death and taxes." Financial planning cannot postpone or prevent the first inevitable (death), but, in some instances, planning can postpone, reduce, or even eliminate the impact of the second, (taxes). Income tax planning encompasses several areas to include:

• Planning to minimize taxes
• Reducing your tax rate
• Controlling the time when the taxes must be paid
• Claiming any available tax credits
• Avoiding tax planning mistakes

We begin our analysis with a FREE review by Enrolled Agents of your last 3 years tax returns to uncover any mistakes and fully understand the dynamics of your tax picture. If mistakes are uncovered we can take the necessary steps to recover overpaid taxes.

At Belsen Getty we also generate tax efficient portfolios for our clients by:

• Developing year-end strategies for gains and losses
• Allocating portfolio investments between taxable and tax-deferred accounts
• Incorporating tax planning into estate and retirement plans
• Understanding the tax efficiency, imbedded capital gains or losses, and turnover of investment options

Click here for a FREE review of your past tax returns