When I work with clients to create and implement a tax strategy, the result is legally reducing their taxes, but the process includes several steps that actually help them reduce their audit risk at the same time.
For example, if my client has a home office, we go through the home office rules. By making sure the rules are followed, I’m not only making sure my client qualifies for the deduction, but that they know how to document the deduction.
The majority of the tax law is intended to reduce your taxes, not increase it. If you follow the rules, you’ll enjoy legal tax deductions and be well-prepared for an audit.
I recently posted an article in Articles by Tom on Wealth Strategy U on this topic that has received a lot of hits. Sign up for a free subscription and enjoy access to this complete article and many more.