Tax Mitigation Strategies
Tax Mitigation Strategies involve the legal use of the tax law to take advantage of Tax Deductions legally allowed in the IRS Tax Code.
As an example, business owners may legally deduct salaries, bonuses and benefits paid to employees as a cost of doing business.
Business owners may also legally deduct contributions they may make to an employees retirement account such as a 401K Profit Sharing Plan
C Corporations may offer a Deferred Compensation Plan that can allow an employee to defer receiving their income to minimize taxation
Large Corporations may have Accountants and Tax Law Attorney's on staff to maximize the legal deductions they may claim.
LPL Advanced Insurance Consulting Team is available to develop and implement tax mitigation insurance strategies for business owners and affluent families.
Please call David De La Rosa, Wealth Managment Advisor at 831-427-3040 or Email at: David.DeLaRosa@LPL.com if you would like to set a complimentary appointment to discuss this further.
This information is not intended to be a substitute for specific individualized tax or legal advice. We suggest that you discuss your specific situation with a qualified tax or legal advisor.