Most-used tax strategies in 2014

摘要

Before you start reading this column, let's look back at 2014. Last year is the first year in memory when there was no significant change in the tax law: neither income tax or estate tax. So, for tax planning purposes, 2015 should mirror 2014. We analyzed my clients' files to determine the strategies most used in 2014 to legally beat up the IRS. Seven strategies, which follow, rose to the top as the clear winners. For ease of reading in every strategy that follows, our tax hero is Joe (who owns Success Co.). Please keep in mind that all numbers are rounded.