Tax Planning Strategies 2014

Eisner Amper has released their report: Tax Planning Strategies 2014: They writes:  In addition to saving income taxes for the current and future years,  effective tax planning can reduce eventual estate taxes, maximize the amount of funds you will have available for retirement, reduce the cost of financing your children’s education, and assist you in managing your cash flow to help you meet your financial objectives.

Proper tax planning can achieve the following goals:
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 Lower this year’s tax.

ƒ Defer this year’s tax to future years.

ƒ Reduce your tax in future years.

ƒ Maximize the tax savings from allowable deductions.

ƒ Minimize the effect of the AMT on this year’s tax liability.

ƒ Take advantage of available tax credits.
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 Maximize the amount of wealth that stays in your family.

ƒ Minimize capital gains tax.

ƒ Minimize the Medicare Contribution Tax on net investment income.
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 Avoid penalties for underpayment of estimated taxes.
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Free up cash for investment, business or personal needs by deferring your tax liability.
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Manage your cash flow by projecting when tax payments will be required.
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Minimize potential future estate taxes so you can leave the maximum amount to your beneficiaries (and/or charities) rather than the government.
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Maximize the amount of money you will have for your retirement and education funding for your 
children.

To read and or download the

Eisner Amper Tax Planning Strategies 2014, Click Here.