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What is Tax Planning?

Across the country, there are many thousands of individuals and businesses whom are paying more taxes than they owe to the IRS and do not realize it, and Angelenos in Los Angeles are no different. The tax laws in the US are highly complex with many different obligations, deductions, and loopholes that can be quite confusing to anyone who is not deeply familiar with the ever-changing federal and state tax code. This is why proper tax planning helps people of all income brackets keep more of what they earn while avoiding paying taxes that they do not owe.

What is Tax Planning?

Essentially, this is a tax expert or firm that provides guidance based on your income level, sources, and applicable tax laws that offer sound advice which prevents you from paying more than you owe. This means that you should start well before the deadline to pay your taxes so you can take advantage of the laws designed to reduce the amount of your burden. Call our Los Angeles based tax firm at 877-788-2937.

The tax planning preparation starts by the different ways you can spend, invest, or place what you have earned into tax shelters which protects part of your income from being taxed. Putting more into your retirement savings, investing in a business or organization, even giving to charity are tax deductible methods of lowering the income level that you are currently taxed. See a sample of our tax planning letter for 2016.

Los Angeles is a metropolis mega city and how you organize your income and use it is also part of the planning process. When you consider just how many people save thousand, perhaps tens of thousands of dollars each year just in the way they use, spend, or save their money, it pays to have your income treated in the same manner. The good news is that people of all income levels can take advantage of proper tax planning and keep more of their income.

However, proper tax preparation is more than just moving your money around. It is using the applicable tax laws to your benefit. Filling out the proper forms and using the laws that are on the books that reduce your tax burden considerably. Even using a different form or calculation may save you a considerable amount from being taxed. This is where a proper tax planning firm helps you save money when preparing your taxes for the year.

How a Professional Tax Firm can Help

You should not listen to the advertisements broadcasted on TV, radio, and the internet. Instead, you should find a proper tax firm that is licensed, experienced, and has the specialized knowledge you need to provide the best tax planning guidance. Your search starts with firms that are properly licensed, have an excellent reputation, and have an outstanding record with organizations such as the Better Business Bureau (BBB).

Proper tax planning may save you tens, if not hundreds of thousands of dollars or more depending on your income. Let our Los Angeles based tax firm help by guiding you in the legal methods of reducing your tax burden so that you can keep more of your income. We offer the knowledge, experience, guidance, and representation you need to keep more of your money by taking advantage of legal methods that prevent you from paying more taxes than you owe.

Call us today at 877-788-2937 to start saving this year.

Or boutique tax service firm led by Mike Habib serves clients in greater Los Angeles, Santa Monica, Beverly Hills, Whittier, Pasadena, Lancaster, Long Beach, Santa Ana, Irvine, Newport Beach, Orange County, Inland Empire, San Bernardino, Riverside, Corona

Client Reviews
Mike has given us peace of mind! He helped negotiate down a large balance and get us on a payment plan that we can afford with no worries! The stress of dealing with the IRS is huge and Mike helped us through it all. The peace of mind is invaluable, thank you Mike! April S.
Mike Habib - Thank you for being so professional and honest and taking care of my brothers IRS situation. We are so relieved it is over and the offer in compromise process went just as you said. Mike is very professional and will give you honest answers to the OIC process and you can really trust him. You won't be sorry you chose him! Joe and Deborah V.
Mike is a true professional. He really came thru for me and my business. Dealing with the IRS is very scary. I'm a small business person who works hard and Mike helped me see that they are not that scary after all. He was always there with the answers I needed and was very good about calling me back which I appreciated since your first reaction is to freak out and ask a million questions. He solved a messy case and worked very hard to resolve it. His rates are VERY reasonable for the amount of work he does! I give him my highest recommendation! Marcie R.
Mike was incredibly responsive to my IRS issues. Once I decided to go with him (after interviewing numerous other tax professionals), he got on the phone with the IRS immediately (as in the same day I signed with him) to squash an impending issue. And he worked directly with them to quickly come to a resolution I am very happy with. I'd highly recommend reaching out to Mike to see if he can help you with any IRS issues. I'm very satisfied! Marshall W.
I’ve seen and heard plenty of commercials on TV and radio for businesses offering tax help. I did my research on many of them only to discover numerous complaints and unresolved tax issues. I found Mike Habib through my own online search and contacted him. He was very professional with great communication, always answering my questions and concerns. Mike resolved my complicated tax problem just as he said he would. I would definitely recommend his services to family and friends. Nancy & Sal V.