A well balanced financial plan will consider income taxes now, taxes on investments as they grow and how taxes will affect the withdrawal of the asset. Unsuspecting investors often pay unnecessary taxes to the IRS, when they could have given that money to their children or a charity or spent it on a large purchase.
We partner with accounting firms in order to give our clients the most accurate and up to date tax planning strategies. With the complexity and ever changing tax code, it’s imperative to stay current with all IRS codes and regulations.
Three Tax Strategies for Doctors
Unsuspecting physicians often pay unnecessary taxes to the IRS. A well balanced financial plan will help you implement strategies that reduce your tax burden.
Physician Tax Return Challenges
Doctors are among the busiest of professionals and have little spare time to learn about the latest developments in tax law. In preparing your own taxes, you run the risk of missing out on potential deductions that could reduce your taxable income.
Larson Financial Group, LLC, Larson Financial Securities, LLC and their representatives do not provide tax advice or services. Please consult the appropriate professional regarding your tax planning needs.