Tax Planning and the Ten Commandments

Michael J. Nathanson (), Jeffrey T. Craig (), Jennifer A. Geoghegan (), Nadine Gordon Lee (), Michael A. Haber (), Max B. Haspel (), Seth P. Hieken (), Matthew C. Ilteris (), D. Scott McDonald (), Joseph A. Salvati () and Stephen R. Stelljes ()
Additional contact information
Michael J. Nathanson: The Colony Group
Jeffrey T. Craig: The Colony Group
Jennifer A. Geoghegan: The Colony Group
Nadine Gordon Lee: The Colony Group
Michael A. Haber: The Colony Group
Max B. Haspel: The Colony Group
Seth P. Hieken: The Colony Group
Matthew C. Ilteris: The Colony Group
D. Scott McDonald: The Colony Group
Joseph A. Salvati: The Colony Group
Stephen R. Stelljes: The Colony Group

Chapter 8 in Personal Financial Planning for Executives and Entrepreneurs, 2021, pp 107-131 from Springer

Abstract: Abstract Through careful, advance planning, taxes can be minimized, and the burden of taxation can be satisfied. When done right, tax planning is a broad-based, continuous, and dynamic process. David, Abby, and other executives and entrepreneurs should follow the “Ten Commandments of Tax Planning” to optimize their after-tax results: optimize the deferral of income; maximize and accelerate deductions and credits; plan for tax withholding and estimated taxes; coordinate debt and taxes; understand and plan for the difference between ordinary income and capital gains; maximize the after-tax value of home ownership; consider taxes when making investment decisions; take advantage of tax-advantaged ways to pay for education; beware of all types of income-based taxes, including employment taxes; and maintain good tax hygiene.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-65400-9_8

Ordering information: This item can be ordered from
http://www.springer.com/9783030654009

DOI: 10.1007/978-3-030-65400-9_8

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().