Tax planning is the act of working with an expert tax planner to reduce your total tax service liability.

1. Permissive Tasking Planning.

Tax planning that is permissible refers to the use of all available tax incentives and deductions in order to reduce your taxes. You can reduce your taxable earnings by taking Child Tax Credits or using 401(k).

2. Purposive Tax Planning.

Tax planning is the process of strategically structuring financial affairs to reduce your tax burden. As an example, you can place your assets into a trust in order to reduce estate taxes.

3. Short Term Tax Planning and Preparation.

Tax planning for the short term is taking actions at the end of the year to lower your tax liability. A small business owner, for example, might buy office equipment or computers at the end of the fiscal year to benefit from business expense deductions.

4. Long-Term Tasks Planning.

This planning is based on a taxpayer’s financial situation and involves long-term strategies that reduce future tax service liabilities. Investing in tax-advantaged accounts, such as a Roth IRA, to benefit from available deductions and benefits is one example.

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VA Tax and Accounting Services - For accounting, payroll and consulting services, visit our parent company, Essential Business Services.

IRS Tax Representation Services: Hire our IRS Certified Expert to represent you before the IRS and state agencies in resolving audits, collections, non-filing issues, trust fund recovery and payment plans.

Need Tax Planning help? At Essential Tax Services, we offer comprehensive tax planning services. Contact us today for customized tax planning service.

Looking for personal or business tax preparation services? Essential Tax Services provides tax return preparation services for businesses & individuals.

IRS Tax Representation Services: Hire our IRS Certified Expert to represent you before the IRS and state agencies in resolving audits, collections, non-filing issues, trust fund recovery and payment plans.

Need Tax Planning help? At Essential Tax Services, we offer comprehensive tax planning services. Contact us today for customized tax planning service.

Looking for personal or business tax preparation services? Essential Tax Services provides tax return preparation services for businesses & individuals.

Essential Tax Services VA specializes in tax services including tax planning, tax preparation, and representing taxpayers before the IRS and state agencies in audit, collections and appeals.

Need expert tax preparation, planning and IRS representation services? Essential Tax Services offers comprehensive tax services to businesses and individuals. Contact now! For more information visit us at http://www.etservicesva.com/

Need Tax Planning help? At Essential Tax Services, we offer comprehensive tax planning services. Contact us today for customized tax planning service.

Looking for personal or business tax preparation services? Essential Tax Services provides tax return preparation services for businesses & individuals.

Essential Tax Services VA specializes in tax services including tax planning, tax preparation, and representing taxpayers before the IRS and state agencies in audit, collections and appeals.

Need expert tax preparation, planning and IRS representation services? Essential Tax Services offers comprehensive tax services to businesses and individuals. Contact now!

To learn more about our Tax Services in Virginia or to schedule a free consultation on IRS Tax Representation, contact us at 703-754-2601!

To learn more about our Tax Services in Virginia or to schedule a free consultation on IRS Tax Representation, contact us at 703-754-2601!