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2013 Year-End Tax Planning Letter
Tax planning is inherently complex, with the most powerful tax strategies often relying as much on clairvoyance as they do calculations. As 2013 begins to wind down, the need for a crystal ball lessens, and the ability to strategize with more certainty is upon us. This developing certainty provides us with an opportunity to better help our clients manage tax liabilities through tax planning techniques.
Year-end tax planning has always been arduous, but early 2013 legislation complicated our tax structure by layering in new tax brackets and income buckets, bringing a multidimensional complication to tax planning this year.
Tax categories that are covered include:
- Individual tax rate management
- Tax strategies for individuals
- Personal tax planning considerations
- Tax strategies for business owners
We focus here on tax planning techniques that can be executed during the remainder of 2013, but your facts and circumstances may open up other opportunities or limit some of the tactics discussed. If you think any of these strategies may help you manage your current-year tax liability or would like to discuss tax planning for 2013 and beyond, please let us know.
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David is the consummate professional – knowledgeable, personable, confident, available, and trustworthy.
Thomas V. Draude | Brigadier General, USMC (Ret), President and Chief Executive Officer
Marine Corps University Foundation, Inc.