5 Things To Do To Make Tax Preparation Less Taxing!
Learn To Use Tax Planning To Avoid The Pitfalls Of Paying Taxes!
Hello, thank you for taking the time to read
People have often asked me:
“Stephaine “ what can I do to keep more of my money form being taxed?”
I am only too happy to answer this question for you. Most people know that if you file your tax returns properly, you are eligible for the maximum tax benefits that are available to you.
However, sometimes, for various reasons, some people forget and wind up being NOT taking their proper deductions and wind up paying more in taxes than they should.
I wrote this to allow people to focus on getting their back taxes taken care of. Focusing on the simple steps you need to take will allow you to take care of the problem once and for all.
You need to find the RIGHT help for you that ensures you have nothing to worry about.
That is what this report is about; the simple things you can do to set yourself up for the benefits available to you.
Knowing The Code + IRS Experience
Applying the formula above will lead you to reduce any taxes you could possibly wind up paying, and effectively set a strategy to keep more money in your pocket.
There are several things you can do to plan for a future on no headaches and insert a plan to pay the minimum taxes possible, as well as minimize any of the outstanding tax issues you may have.
My goal is to simplify the many things you “can” do, and point out what you “should” do to minimize your taxes and maximize your tax refund going forward.
That tax refund check can go a long way in times of need. But what’s even better is making sure you don’t “loan” the money to the government in the first place.
But this isn’t possible if you are in a situation where you don’t take advantage of the best tax structure that you can.
Note that all strategies I teach involve you planning ahead and putting a strategy in place NOW so that you pay fewer taxes later. Some even may require going back to prior years and making some “little known” adjustments to minimize your taxes and possibly get more of a refund from those years.
Now let us begin.
That tax refund check can go a long way in times of need. But what’s even better is making sure you don’t “loan” the money to the government in the first place.
1. HAVE A CONVERSATION WITH YOUR TAX PROFESSIONAL
When you choose a tax professional, it is important that you have a conversation. Not just a one-way conversation but in effect, a two-way interview. This is vital to the improvement of your tax situation.
2. START THINKING ABOUT TAXES ALL YEAR LONG
While your initial concern about your taxes might occur only during tax season, you need to change your focus. It is time to develop the habit of having taxes on your mind all year long. This is what helps to begin to implement a strategy.
3. BE PREPARED TO MAKE CHANGES TO THE WAY YOU ARE CURRENTLY FILING YOUR TAXES
Ultimately, this may be the most important tip of all – Going along with the last tip, you need to change old habits. Software is out, automatic filing it out. Be flexible and change the way you file.
4. NEVER ACCEPT AN IRS REFUND AGAIN
This may sound crazy to you, but did you know that you can file taxes without getting a refund? What does that mean? It means you can set up a strategy whereby taxes are NOT taken out of your income. Or if they are, only the bare minimum is.
5. UNDERSTAND THE PURPOSE OF THE TAX CODE
It is important to understand that the tax code was created to help the government tax people fairly and to help taxpayers realize and follow the rules of taxation. Understanding how it works can be to your tremendous benefit. All you need to do is know the code – or work with someone who does.
Final Word:
• Use a tax specialist who is well versed in complex tax situations and is more qualified than most professionals who offer tax preparation services. An experienced certified tax professional is your best bet for solving back tax issues and fixing them to your advantage.
By far the best advice is to utilize a tax strategist who knows how to implement all of the above. At Royal Tax Solutions, we pride ourselves on knowing the tax code. We can help you implement all of the steps mentioned above, and properly implement a strategic tax plan that takes advantage of the tax code to your benefit.
NOTE:
With this report, you also get a free 30-minute phone consultation about tax planning. It is your very own Q&A session with me personally (or one of my right-hand experts), to help you answer any tax preparation questions you may have.
Call Now 512-668-9839