May 2016
Tax Planning With Deferred Tax Assets
With all the complications in today’s tax code there is no doubt that many options exist to save taxes. On that same note, many chances exist for us to pay more taxes than we legally need to. Good tax planning throughout a taxpayer’s life can potentially save millions in taxes. The most well known and widely used form to “save taxes” is to attempt to defer them until later in life when the taxpayer is usually in a lower tax bracket. Many avenues exist to do this, from IRA’s, Traditional 401(k)’s to 1031 Exchanges on property sales. All of these
