Tax Return Review – Paying taxes through W-2 withholdings

In this review, Steven discusses the benefits of paying taxes through W-2 withholdings, understanding passive loss from rentals and opportunities to decrease Schedule C income through proper tax planning. He also identifies several tax planning opportunities for this client.

 

 

Recommended Articles

How to Use a Client’s Tax Return to Map Financial Success

When advising clients on taxes financial advisors must remember that education and action are both critical.

Read More

Known Unknowns: Tax Planning Amid Uncertain Law Changes

Tax law may be uncertain, but advisors should still be broaching these tax topics with current clients.

Read More

Yes! As Little As $600 Is Reported

It wasn’t a secret this was coming. But, it may still come as a surprise to many taxpayers. Beginning on January 1, 2022, there was a MASSIVE reduction in the […]

Read More

The information on this site is for education only and should not be considered tax advice. Retirement Tax Services is not affiliated with Shilanski & Associates, Jarvis Financial Services or any other financial services firms.

Contact Us