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
