Advisor Tax Mistake #4 – Doing Tax Planning One Year at a Time
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This article is the fourth in a series of the seven most common mistakes financial advisors make on tax planning with clients.
In my previous article, I discussed the mistake of making tax planning difficult for the client (and their tax preparer). This week, I want to draw your attention to a mistake that is most commonly made by tax preparers, but trips up financial advisors as well: doing tax planning one year at a time.