106 Things We Do For Clients, No. 64

by | Feb 14, 2018 | *Financial Awakenings, Fee Only Financial Planning

No. 64 of 106 Things We Do For Clients

Review your tax returns with an eye to possible savings in the future.

Every year we spend several months pouring over the tax returns of our clients looking for ways to minimize taxes. It’s not uncommon that we find opportunities to “harvest gains” and pay 0% tax on the gains of appreciated assets or a Roth conversion. We have helped clients take advantage of small windows of opportunity to permanently convert IRA’s to non-taxable Roths at a significant tax savings. Sometimes we find opportunities to lower tax liability by shifting deductions or income. Other times we discover errors that result in tax refunds. Having another set of eyes on your tax return can pay nice dividends.

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