Why haven’t I heard or read about any these tax reduction strategies before?
Sometimes it really is about knowing the right people – in tax planning or in any other skilled profession. Because we are extremely narrow in our focus, we are also deep in our knowledge and understanding of applicable IRS tax code to business owners. CPAs typically do tax reporting, not forward tax planning and analysis. Plus, it’s quite literally impossible for any one person to have a complete understanding of all of the tax laws that could benefit you. There are tens of thousands of pages of fine print that make up the Internal Revenue Code. In addition, there are hundreds of thousands of pages of other tax law in the form of IRS regulations, tax court cases, treasury regulations, revenue rulings and other published guidance that has the force of law.
December 13, 2016 10:08 pm