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What is Tax Planning?
Systematic analysis of differing tax options aimed at the minimization of tax liability in current and future tax periods.
Whether to file jointly or separately, the timing of a sale of an asset, ascertaining over how many years to withdraw retirement funds, when to receive income, when to pay expenditures, the timing and amounts of gifts to be made, and estate planning are examples of tax planning.
Systematic analysis of differing tax options aimed at the minimization of tax liability in current and future tax periods.
Whether to file jointly or separately, the timing of a sale of an asset, ascertaining over how many years to withdraw retirement funds, when to receive income, when to pay expenditures, the timing and amounts of gifts to be made, and estate planning are examples of tax planning.