FAQs
No. Webster’s definition of loophole is, “a means of escape or evasion.” There is no evading the law, and Tax Reduction Concierge reflect the application of existing statutes, IRS regulations, tax court cases, treasury regulations, revenue rulings and other published guidance that has the force of law. No consideration has been given to proposed legislation.
The strategies we recommend are tailored specifically to meet our client’s personal and business situation.
Absolutely. We work with a lot of really great CPAs that we can recommend, who are very familiar with our strategies.
No. In fact, we work with many of our clients CPAs. If you move forward with the tax reduction strategies we recommend, we will also train your CPA and help them properly file your tax returns.
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.
It depends on the specifics of your situation. Typically capital gains realized through pass-through entities can still be thoroughly attacked the following calendar year. But the sooner, the better.