Tax Planning and Filing

Our comprehensive financial planning clients receive the benefit of tax planning by the nature of the service. Since we analyze every dollar that goes in and out of their bank accounts, we are able to make sure that they are getting every tax benefit available to them. We also proactively plan for life events that might trigger a high tax bill such as exiting a concentrated equity position, selling real estate, or selling a business.

Some tax strategies require specific filing requirements with the IRS, which is why we work closely with your tax preparer to make sure it is reported correctly. If you are looking for a new tax preparer, we help prepare returns for our clients as an additional service offering.

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  • Starting in October, we collect your most recent pay stub(s), make sure that you are maximizing deductions, and look for opportunities to reduce your tax liability before the end of the year.

    We also help make sure that your tax withholding is sufficient to avoid underpayment penalties.

  • Tax free Roth conversions (sometimes called a Backdoor Roth), ISO exercises, and contributions to DAF (donor advised funds) aren’t reported on tax forms like your income is on a W2 or 1099. Your CPA or Enrolled Agent has to file special forms when you perform these types of strategies and they won’t know unless you tell them.

    During tax season, we provide a letter or communicate directly with your preparer to let them know what transactions occurred during the year so they know how and what to report to the IRS.

  • Since we help our clients plan for everything else (financially speaking), many clients utilize us to help prepare their tax return as well.

    The benefit of having us prepare your return is that we already know what’s going on in your life and we actively plan to reduce your tax liability, so filing is usually the easy part.