Tax Mitigation Planning
What is Tax Mitigation Planning?
As taxpayers, we have a responsibility to pay our fair share of taxes. However, the Internal Revenue Code (IRC) contains thousands of pages of tax-saving opportunities that most of us, including many of our CPAs, simply don’t know exist or how best to implement them. In conjunction with our elite Tax Planning Team, Life Planning, Inc. in Scottsdale can help high-income earners and high-net-worth individuals and families reduce the burdens of taxation, legally and effectively.
3 Tips for Selling Highly Appreciated Assets
It is important to call upon professional tax mitigation strategies in order to avoid the “snowball effect.” Over time, capital gains deferral can accumulate causing a type of “snowball” effect. All of that can be avoided by gradually and steadily absorbing the related taxes.
Ideally, you want to maintain capital gains and avoid related taxes, making the most out of your tax planning. Use the tax mitigation strategies of a professional tax consultant to reduce capital gains tax and make the most of your budget.