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Tax Planning
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Splitting income among several
family members or legal entities in order to get more of the
income taxed in lower brackets. |
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Shifting income from one year to
another in order to have it fall where it will be taxed at the
lower rate. |
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Shifting deductions from one year
to another to place them where the tax benefit will be greater. |
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Deferring tax liability through
certain investment choices and through pension plan contributions. |
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Structuring your affairs to obtain
a tax deduction for some expenses paid for things you enjoy ― a
vacation home, for example |
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Investing your money to produce
income that is exempt from either federal or state income tax,
or both. |
What are your chances of being audited by the IRS? Click HERE to learn more about audits.
Clark Accounting Associates
A Professional Corporation
604 West Taylor Street
Kokomo, IN 46901
(765) 459-3325
(866) 570-3325
Fax: (765) 459-0687
E-mail: teamcpa@clarkaccounting.com
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