Tax Planning

Are you confident you’re taking advantage of every tax break you deserve?

The world is full of tax preparers who can put the “right” numbers in the right boxes on the right forms by the right deadlines. But what are they doing to make sure you get all the breaks you deserve? When was the last time your tax preparer came to you and said “here’s an idea I think will save you money?”

If they haven’t then maybe the tax planning professionals at Clear View Wealth Advisors can help.

CPAs and other qualified accountants play an important role in serving their clients.  However, it is important to understand that most of these professionals may not be trained tax-planning specialists.  Their focus is to take what you have already done and filter that information through the tax laws required to create a valid tax return.  This is great accounting, but it is not tax planning.  We, however, focus on those areas of tax law that provide solutions to build and preserve your wealth.  You are best protected and better served when you get tax planning advice by melding our expertise with that of your accountant’s.

Bruce Jones, Certified Tax Coach™

 

Do you have kids or grandkids going to college and looking for ways to lower the cost?  With our exclusive planning service found at CollegeCashPro.com you may qualify for a “tax scholarship.”

Do you own rental real estate? Then you may improve your depreciation deduction with this one strategy that can save you thousands in taxes each year.

Do you own a home? Then you may find that our unique tax appeal process will help you save on taxes from over-assessments.

As a business owner you may benefit from at least one single powerful strategy that may improve your retirement or lower your family medical costs while reducing your audit risk.

We believe proactive tax planning is the key to you keeping more of what you make. Proactive tax planning means scouring your income and expenses for every available deduction, credit, loophole, and opportunity – all without “aggressive” strategies, “gray areas” or “red flags.”

Our tax planning and coaching service gives you a plan for beating the IRS. Legally. Go beyond tax preparation this year. Call Clear View Wealth Advisors directly at 978-388-0020 or 978-416-4107 to set up your personal no-obligation consultation over the phone or in one of our offices conveniently located throughout the Greater Boston, North Shore and Merrimack Valley areas.

Case in Point

A 64 year-old real estate investor was troubled about his portfolio that included a rental property in Cambridge, Massachusetts. The mulit-family property was valued at over $600,000. He wanted to sell the property, replace the income provided by his rental and reduce his income taxes. He was stunned to learn that, according to his lawyer and a tax preparer, he would be obligated to pay nearly $200,000 in capital gains taxes if the property was sold and that little, if anything, could be done to lower his income taxes.

Discouraged, he reached out for a second opinion and, after our discussing the situation with him, we did a Pre-Sale Tax & Income Analysis of the property. Our diagnosis reported a way to structure the sale through an IRS-sanctioned method that would result in no capital gains taxes due when the property was sold and provide a way to invest more money now to replace his income from the sold property. We also discovered other tax-saving opportunities for him with which his lawyer and most CPAs were unfamiliar.

Our recommendations for the sale of investment property or a business will typically result in clients paying no capital gains taxes now while enjoying more assets to invest and income than they may have had previously.

Requesting Clear View to do a flat-fee, no-obligation analysis of your property and a Second Opinion Tax Review of your tax returns simply makes good business sense and may result in you gaining significant tax benefit.

Take to heart what author F.J. Raymond once quipped:

“Next to being shot at and missed, nothing is really quite as satisfying as an income tax refund.”

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