Tax Reduction

Be proactive and not reactive in your tax planning!

Tax planning tools come in many forms: correct corporate structure, FLPs, "Freeze" Partnerships, Equity Indexed Universal Life (can be a potentially tax free wealth building tool), Roth IRA and 401(k) Plans, Section 79 Plans, Equity harvesting, New Comparability Profit Sharing Plans, Defined Benefit Plans, 412(e)3 Defined Benefit Plans (and carve out plans), Cash Balance Plans, ESOPs, Charitable Remainder Trusts, Charitable Gift Annuities, Family Foundations, Intentionally Defective Grantor Trusts, Long-Term Care Insurance, HSAs, Corporate Structure, Single Premium Life Insurance, Roth IRA Conversions, etc...

What we want to impress upon potential clients is that if you are not using a firm that knows the above topics and more, YOU ARE NOT receiving the best advice possible.

What does that mean? It means you are paying too much in income taxes and capital gains taxes, and ultimately that your heirs will pay too much in estate taxes upon your death.

Don't do what everyone else does (the do nothing position); be proactive to protect your money from the IRS and state government. Remember, you number one guaranteed creditor every year is the IRS. Only you, with the help of qualified advisors, have it in your power to protect your money.

 

Disclosure: Neither NEXT Financial Group, Inc. nor its representatives are licensed to provide tax advice. Please consult with your tax professional before taking any action.