As the season for year-end tax planning approaches, more of the same means that taxpayers will, at the very least, know what to expect. While there’s been little legislative change this year, recent IRS proposal regulation 2704 could have significant impact for individuals and business owners, if adopted. That said, sound tax planning is essential to effective wealth management, and in today’s tax environment you’ll still want to consider a variety of strategies so you’re well-positioned regardless of tax rule outcomes.

HOW TO USE THIS GUIDE

We encourage you to evaluate your options and outline tax planning strategies with your Moss Adams professional sooner rather than later. While it can be tempting to put off thinking about taxes until the last minute, some of the tactics discussed here take time to implement, and your window of opportunity grows smaller as the tax year-end approaches.

In addition to referencing this guide during tax planning season, it can also be a helpful year-round tool. Staying actively involved in these and other underlying areas of tax planning will keep you in a position to preserve and create longer-term wealth for yourself and your family.

Finally, the strategies discussed in this guide are based on current federal tax law. State taxes should also be considered since the tax laws of many states differ from federal tax laws. In light of the evolving tax code, we suggest you visit www.mossadams.com to stay abreast of any changes.

Read the full guide on our website or download the pdf.

CONTACT US

(800) 243-4936 | taxplanning@mossadams.com