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. The basis of our plans involves three components: Structure, Strategies, and Savings. After we’ve been able to review your tax returns and business financials, we can dive deeper into each element.
Absolutely. We work with a lot of really great CPAs that we can recommend, who are very familiar with our strategies.
No. We do not prepare tax returns. We are not a CPA firm.
Then you should ask them on what basis. Demand that your CPA be as thorough and detailed in their explanation of why they believe a strategy won’t work, as we will be in explaining and documenting and proving that it does work. Their opinion – or our opinion – doesn’t matter. What matters is what the law allows. Tax Reduction Concierge strategies 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.
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.
Will my risk of being audited increase if I restructure my business and utilize the tax reduction strategies that Tax Reduction Concierge is recommending?
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.
Can you help me reduce my income tax from last year too, or can you only help me with this year’s taxes?
We take a forward thinking approach to tax planning. We can only help you with the current and future year taxes.
Our criteria for qualification are simple. If you’re currently paying $100,000 or more in taxes each year, and you’re a business owner or professional who has the ability to control the way you receive your income, chances are we can help you substantially reduce your income tax liability.
I’m a business owner, and I have several partners. What if only one or two of us want to utilize the strategies you recommend, is that ok?
No. We work exclusively with individuals who have active income resulting from their trade or business.
No. We work exclusively with business owners or individuals who can control the way they receive their income.