What are 3 things I can do to politic-proof my wealth and tax strategy?

1. Look for incentives. No matter which party is writing tax policy, most of the tax law is a series of incentives the government offers to entice citizens to do what it wants. You just need to understand which investments the government favors and how you can use them to reach your goals. That way, you win and the government wins.
2. Check the details. Entrepreneurs and professional investors are highly favored in the tax law. Now is a great time to make sure your entities are structured properly and that you are maintaining good documentation to maximize all available deductions. This will serve you well when you need to file your returns and as the IRS starts ramping up its audits.
3. Get professional help. The concepts behind a solid wealth and tax strategy are simple, but the implementation gets technical. If you’re ready for expert guidance, TFW Advisors® is here to help. Our financial education, systems and CPA franchise are designed to help you build your Win-Win Wealth Strategy. Book a call with us today!