by Tom Wheelwright | Apr 14, 2008 | Tax Strategy
We received an interesting email from a long-time client today. She asked to be removed from our email list (though stay as a client) because she does not like our emphasis on reducing taxes. She feels that by helping you lower your taxes, we “help eviscerate...
by Tom Wheelwright | Apr 2, 2008 | Tax Strategy
Yesterday, my son, Sam, closed on his first home. Sam is a senior in high school and will attend the university next year. Several months ago, after reading Rich Dad Poor Dad, he asked me if he could get started in real estate. He especially wanted his own house where...
by Tom Wheelwright | Mar 20, 2008 | Tax Strategy
Here we are less than a month from the due date of tax returns. Most of you are scrambling to get your information together for your accountant. You hope the tax bite is not too big this year – that you won't have a big tax payment due on April 15th. You wonder,...
by Tom Wheelwright | Mar 17, 2008 | Tax Strategy
This is the time of year when all Americans think about their tax situation and what they might do differently to reduce their heavy tax burden. There is a record of an ancient civilization that was required to pay 50% of their earnings to their captors. They...
by Tom Wheelwright | Jan 2, 2008 | Tax Strategy
My son, Max, is bipolar. Even with proper medication, he has days when he is very “up” and days when he is very “down.” (The medication keeps the highs from being too high and the lows from being so low.) But, like most bipolar individuals, he...
by Tom Wheelwright | Nov 20, 2007 | Tax Strategy
This is the time of year that we contact all of our clients and suggest that they do some year-end tax planning with us. Many of you wonder why planning at this time of year is so important. Let me give you three quick reasons. Reason #1: AMT. More and more people are...
by Tom Wheelwright | Oct 16, 2007 | Tax Strategy
It's October 16th, the day after the final due date for 2006 tax returns. Yesterday, the ProVision office was scurrying about getting many tax returns to the IRS for our clients who waited until the last minute to give us their tax return information. So I started...
by Tom Wheelwright | Oct 4, 2007 | Tax Strategy
People frequently ask what is the number one tax question I get? Inevitably, whenever I speak at a seminar or to any group, the requested topic is “How do I structure my business and/or investments?” Not only is this the most common question, but it is...
by Tom Wheelwright | Jan 7, 2007 | Tax Strategy
As we approach Tax Season, I wonder how many people understand the potentially vast differences in the quality of tax return preparation? Are tax returns really the commodity that they seem to be? Is a tax return prepared by the tax service in the mall of the same...