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Frequently Asked Questions

Why Can’t My CPA Perform This Tax Planning Work?

Most CPAs, Tax Preparers and Enrolled Agents are simply not engaged in this type of proactive tax planning work.  They tend to be more oriented to historical compliance work, the tax preparation, than future oriented tax planning.  This doesn’t mean that they are “bad professionals”; rather, it is an objective recognition that most CPAs, Tax Preparers and Enrolled Agents are primarily engaged in tax preparation work and their business and revenue models are inconsistent with our tax planning model.


How Aggressive Are Your Tax Savings Strategies?

While some tax preparers might describe our Tax Savings Strategies as aggressive, our position is that the Tax Saving Strategies we utilize are, in fact, NOT aggressive.  Each Tax Saving Strategy we utilize is well documented in the Tax Code and/or has been a part of the Tax Code for a significant period of time.  As a result, there have been audits and litigation in Tax Court and, at this point, these Tax Saving Strategies are well understood in terms of what will, and will not, work.  In general, it is unlikely our Clients will be audited for these Tax Saving Strategies.  In the handful of cases where our Clients have been audited, our correct implementation and documentation of these Tax Saving Strategies has precluded any tax adjustments or additional tax payments.


In What Geographical Area Do You Develop Tax Savings Plans?

We work throughout the United States.  The vast majority of our work is performed virtually (that is, through phone, email and Zoom type communications).  Note that the Federal Tax Code is the same across all 50 states and many State Tax Codes “conform” with the Federal Tax Code.  In cases of state non-conformity, to ensure appropriate selection and proper implementation of our Tax Saving Strategies, we engage in research and have collaborative access to other like-minded tax and financial professionals who practice in those non-conforming tax states.


What Happens To My Tax Savings Plan When The Tax Code Change?

First, it is difficult for Congress to find agreement amongst themselves and with their constituents to make truly significant changes to the Tax Code.  And the members of Congress use many of these Tax Saving Strategies themselves for their own personal benefit.  Even if certain aspects of the Tax Code are changed, there are hundreds of tax strategies that are available for potential inclusion in the Client’s Tax Saving Plan.  Our planning approach is to utilize the simplest strategies (ease of understanding and implementation) with the most efficiency to achieve the objective of significant reductions in tax payments.  Tax brackets and rates have often changed in the past and are likely to change again in the future.  As rates increase and/or brackets decrease, the “future value” of our tax saving strategies will increase in the years to come as any given deduction will provide a larger tax savings.  While most people would indicate they are currently paying significant taxes, the reality is that current marginal income tax rates and business tax rates are some of the lowest tax rates in US history.  While current personal marginal income tax rates are 37%, they have been as high as 94% and have often been in the 50-70% range.  While you must draw your own conclusions, we certainly believe that future marginal tax rates are highly likely to increase and that new taxes will be instituted due to many factors including, but not limited to: (1) US budget deficits every year since 1981, with no end in sight to future deficits; (2) a US national debt exceeding $27 trillion in 2020 and growing; and, (3) 2020 unfunded US liabilities estimated at $210 trillion.

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