Tax planning

(redirected from Tax Plans)

Tax planning

Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer.

Tax Planning

The practice of making adjustments so as to reduce one's tax liability to the least possible amount. For example, one may wait to sell a security until the next tax year so as not to realize capital gains.
References in periodicals archive ?
The draft text of the "Monterrey Consensus," the main document to be presented at the conference, barely gives a hint of the tax plans the UN globocrats have in mind.
The focus will shift from compliance with the tax law to writing tax plans for clients.
The ability to store, search and retrieve pro forma tax plans will increase the tax accountant's ability to cope with the ever-increasing complexity of business and family plans.
Starting with Thanksgiving, the holiday season begins to overwhelm investors' best intentions to wrap up their year-end tax plans.
Companies shouldn't fall into the trap of letting management reporting procedures, local incentive standards, or local management egos get in the way of implementing key global strategic tax plans.
To incorporate global tax planning into your overall strategic plan, you must first determine the goals of the global tax plan.
All told, the proposed and approved tax plans nationwide will have an adverse effect on the cash flows and credit measure of all operators under Fitch coverage, particularly those with exposure to Illinois and New Jersey.
The tax plan should go into effect on July 1, 2003.
But many flat tax plans also exempt interest, dividends and capital gains from taxation, and these are big source of income for the wealthy.
This All Hallow's Eve America is judging Al Gore's and George Bush's tax plans to vote "best dressed" for the upcoming presidential election.
The Small Business Survival Committee (SBSC) today released its report card on the tax plans drafted by the leading presidential candidates.
His responsibilities will include creating and recommending cost-effective tax structures for significant transactions; monitoring and participating in any new tax legislation, both domestically and internationally; and developing and executing the most cost-effective future tax plans.