There’s not always an opportunity to make a significant difference in current year taxes, but being proactive can assist you with long-term planning opportunities. Looking at the age of dependents for care and education credits, reviewing contributions to employer-sponsored plans, timing charitable giving, and contributing to IRAs/Roth accounts are just a few items that can make a difference in the amount your client pays in taxes over multiple years.

In this tax return review, Steven explains how to take the information from the tax return and use it to come up with a long-term tax strategy for your client.