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A corporate executive with W-2 income of $4,000,000. The executive had zero deductions available due to various phase-outs and limitations, was paying over $1,500,000 each year to the government. Current debt payoff was a priority for the client, rather than long term savings and retirement strategies.
Based on the client’s preferences, cash flow needs, and budget, we designed their custom tax plan with:
A tax deduction of $730,000 from the real estate investment reduced the executive’s tax liability by $262,000, delivering a refund of over $252,000!
With over 200 offices nationwide, we are deeply experienced in virtually every aspect of the tax code for higher-income business owners and affluent families. Redwood Tax Specialist provides proactive tax designs essential for accountants and other tax professionals to help their clients make informed financial decisions in today’s quick-moving and sometimes volatile economic climate.