- Other IRS Tax Code approved strategies
- Reduction of Tax Liability
- Minimization of Litigation
- Productive Investment
The goal of Tax Planning is to achieve maximum benefits in an honest manner by utilizing the IRS tax code.
Types of Tax Planning
Short-range Tax Planning: is done every year to arrive at limited and specific objectives.
Long-range Tax Planning: uses the tax code to defer a tax liability to later years.
Find more tax related information here https://www.irs.gov/statistics