While we emphasize the importance of annual tax planning, it’s also important to not let tax avoidance override your other financial goals. Liz Davidson, of Forbes.com, wrote a nice piece describing how people lose money when they let tax issues dominate their investment decisions. The article does a great job of examining why payments to the IRS can be such a tough pill to swallow and identifies traps most of us fall into in an attempt to shrink our tax bill.
Please contact us if you have questions about appropriate strategies for reducing your tax bill while also staying on track for your long term goals.
