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Tax and Estate Planning Review


One of the smartest men of the last century, Albert Einstein, stated the income tax code is the hardest thing to understand in the world. There are a mind-boggling 5.5 million words in the tax code. At 16,845 pages, it's impossible for the average taxpayer to know, understand and accurately apply its provisions!

Second Opinion for Individuals

Moreover, the treasury department's inspector general found up to a 61 percent error rate on tax returns, and Government Accountability Office went undercover to get returns done by the big chains to find nearly ALL of the returns prepared were incorrect to some degree, according to their report. Odds are you may have errors on your tax return! The IRS isn't required by law to tell you. So if you don't find the mistakes and request a refund within three years, the IRS wins, and you lose. The good news is there is something you can do about it!

According to The Wall Street Journal, millions of Americans are routinely failing to take deductions they're entitled to, thus overpaying their taxes by billions of dollars collectively. 

Ask yourself these crucial questions:

  • Who's preparing my income taxes?
  • What is my overall tax plan?
  • Should I make changes?
  • How do I know what changes to make?
  • Who is going to help me with all of this?
  • Second Opinion for Businesses

We also offer second opinion tax review services to businesses. According to the Senate Small Business Committee, 93% of small businesses who pay alternative minimum tax overpay their income taxes in excess of $11,600! Our team of CPAs will review your business returns for errors, missed deductions, and additional refund money. Call today.

Reviewing & Updating Your Estate Plan

Once you have established your estate plan, make sure it stays sound by revisiting it at regular intervals or at key life events.

Many people review their estate plan at a regular frequency, often when they review their whole financial plan. This can be done annually, semi-annually, or quarterly; for estate planning specifically, the general recommendation is at least every three to five years or when there is a life event. You may want to get your attorney or tax advisor’s help.

In addition to regular reviews, it’s a good idea to review and update your plan at life events like the following:

  • The birth or adoption of a new child or grandchild
  • When a child or grandchild becomes an adult
  • When a child or grandchild needs educational funding
  • Death or change in circumstances of the guardian named in your will for minor children
  • Changes in your number of dependents, such as the addition of caring for an adult
  • Change in your or your spouse’s financial or other goals
  • Marriage or divorce
  • Illness or disability of your spouse
  • Change in your life or long-term care insurance coverage
  • Purchasing a home or other large asset
  • Borrowing a large amount of money or taking on liability for any other reason
  • Large increases or decreases in the value of assets, such as investments
  • If you or your spouse receives a large inheritance or gift
  • Changes in federal or state laws covering taxes and investments
  • If any family member passes away, becomes ill, or becomes disabled
  • Death or change in circumstance of your executor or trustee
  • Career changes, such as a new job, promotion, or if you start or close a business

Reviewing your plan at regular intervals in addition to major life events will help ensure that your legacy, both financial and otherwise, is passed on in accordance with your wishes and that your beneficiaries receive their benefits as smoothly as possible.

For more information, go to:

"The Retirement Learning Library"