Income Tax Planning

While decisions are rarely made solely on their tax impact, you should have a working knowledge of the income or estate tax issues and costs involved.  Tax planning considers the implications of individual, investment, or business decisions, usually with the goal of minimizing tax liability.


A major goal of tax planning is minimizing federal income tax liability.


Investment tax planning involves evaluating how to best position assets and conduct transactions in order to minimize the amount of taxes you have to pay on an ongoing basis. This requires year-round planning, and it begins with an in-depth understanding of the tax implications of various investments and investment strategies, including:

  • The treatment of wash sales
  • Use of tax-exempt investments
  • Timing gains, losses and income
  • 1031 exchanges
  • Qualified dividends
  • Tax-deferred investing
  • Understanding mutual fund taxation
  • Deduction planning


Some events in life—retirement, for example—come with tax considerations.  Do you assume that you will retire into a lower  tax bracket?   We'll help you find out...


If you give away wealth, during life or at death, you may incur federal taxes—and possibly additional state taxes. These taxes include gift, estate, income, transfer and inheritance taxes. You can help protect the assets you transfer from excessive depletion by understanding these taxes and the various strategies you can use to minimize them.


For small business owners, tax considerations are critical. They start with the structure of your business, include retirement plan selection and continue through the sale. Your choice of business entity, how you pay out profits to the owners, and your accounting decisions will all have an effect on your tax liability.