Tax planning


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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 ?
In the face of an increasingly aggressive IRS tax compliance program, when a company takes a hard look at its own federal tax planning, compliance, and audit programs and decides upon its future strategy to remain competitive in the industry from the standpoint of it tax and tax compliance costs, it may be helpful to better understand these developments and their potential effect.
Given the complexities of tax planning and the interaction of a given set of facts with the ever-changing tax law, the task force thought "should" best described the interpretation's applications.
Most succession-related tax planning involves tradeoffs in areas such as cash flow, control and complexity.
Our tax experts are able to help day traders prepare their financials and offer the most current advice on tax planning.
Mr Croxford joins the firm from KPMG in Birmingham where he specialised in tax planning for the entrepreneur.
It has its origins in the AICPA'S desire to provide adequate guidance to its members when providing services in connection with tax planning.
The survey also found that a 1 percent rise in ETR was accompanied by a 14 percent increase in spending on tax planning, a sign that high-ETR companies are turning to technology and the use of strategic tax planning to strive toward lower ETRs.
McLaughlin concentrates his practice in the federal taxation of international mergers, acquisitions, and corporate reorganizations, as well as all aspects of international tax planning.
Tax Planning with Life Insurance: Analysis with Forms, by Howard M.
Jeff Friedman of Sutherland Asbill & Brennan discusses state and local tax planning ideas.
A flurry of recent legislation at the federal, state and city levels has significantly changed the tax planning landscape for conducting real estate business in New York.
The rule will affect future tax planning where taxpayers seek to use partnerships to delay recognizing gain on asset sales as well as try to create artificial losses.