Experienced Lawyer Providing Personal Tax Planning Services to Clients in Raleigh
Are your personal income taxes too high or too complicated to understand? A tax planning attorney at NC Planning can help you understand and implement personal tax planning strategies that can benefit you and your family both now and in the future.
You may think you have no control over your personal income taxes, but a number of strategies are available that may be able to help you reduce your personal income tax burden. A tax planning lawyer at NC Planning can explain these strategies and help you plan your taxes wisely.
You may already know about the advantages of effective business planning and good estate planning. But what is sometimes overlooked is the need for individual tax planning, which can provide both immediate and long-term advantages.
What is the Goal of Individual Tax Planning?
Individual tax planning should address all types of tax issues. A tax planning lawyer at NC Planning can recommend a number of strategies and tools that can help you keep your personal tax burden as low as possible – no matter how extensive or complicated your finances may be.
NC Planning works with high net worth individuals, business owners, and anyone who may benefit from sound individual tax planning. We know from experience how the IRS handles most tax issues, so a tax planning attorney at NC Planning can help you take advantage of:
- Gifting to family members
- Charitable giving
- Allowable deductions and expenses
- Applicable tax credits
How Can Our Tax Planning Attorneys Help?
For many clients, personal tax planning is part of a comprehensive wealth preservation strategy. NC Planning provides estate, business, and tax planning advice and services to individuals, businesses, and families. We solve problems and work to find the best solutions for our clients.
Individual tax planning is not something that you can do one time and then forget about. Your finances, your goals, and your needs – as well as the economy and the tax laws – all change over time, so the most effective personal tax planning is ongoing, flexible, and responsive.
Of course, we can’t help you plan for the future if we don’t know where you are now, so our first step at NC Planning is getting to know you and learning about your personal financial situation, current needs, and goals for the future.
That is why we build long-term relationships with our clients, and it’s why our work for you is more than a one-time transaction. Over time, you will have peace of mind knowing that your tax planning is in the hands of professionals who understand your finances and goals.
What Are Individual Tax Planning Services and Strategies?
While there is no “one size fits all” personal tax plan, our basic individual tax planning services at NC Planning include:
- Reviewing individual tax returns and providing tax-related legal advice
- Preparing tax returns for individuals, families, and business owners
- Preparing delinquent or unfiled returns and working to get you in compliance
Depending on your individual circumstances, some of the personal tax planning strategies we might suggest may include:
- Taking advantage of deductions
- Shifting income among family members to reduce the family tax burden
- Postponing income to reduce current tax liability
- Putting money in a 401(k) or an IRA
When Should You Hire A Tax Planning Attorney?
Even if your personal tax returns are prepared by a trusted tax professional, tax planning ahead of time gives you the advantage. You will know in advance what steps you can take – instead of waiting until your return is prepared and bracing yourself every year for potentially bad news.
Every taxpayer in the United States has income tax questions and concerns. You can have your questions answered and your concerns addressed by working with our team of dedicated attorneys who offer genuine value and trusted legal services.
If your personal income taxes are not planned properly, the consequences can be negative, but a Raleigh tax planning attorney at NC Planning will not let that happen to you. Let us help you create a tax plan that reduces your tax burden as much as possible.
Schedule a Consultation to Learn More About Our Legal Services
To learn more about individual tax planning or to schedule an initial consultation and begin the tax planning process, call NC Planning at (919) 568-3681. You can also contact our law firm by completing the contact form here on our website. Our offices are in Raleigh at 4801 Glenwood Avenue, Suite 200.
NC Planning also has offices located in Cary at 5640 Dillard Drive, Suite 101. It is never too soon to start planning your personal taxes. A tax planning attorney at NC Planning can help.