Tax Planning

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Dictionary Says

Definition of 'Tax Planning'

Logical analysis of a financial situation or plan from a tax perspective, to align financial goals with tax efficiency planning. The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient manner possible. Tax planning thus allows the other elements of a financial plan to interact more effectively by minimizing tax liability.
Investopedia Says

Investopedia explains 'Tax Planning'

Tax planning encompasses many different aspects, including the timing of both income and purchases and other expenditures, selection of investments and types of retirement plans, as well as filing status and common deductions. However, while tax planning is an important element in any financial plan, it is important to not let the "tax" tail wag the financial "dog." This can ultimately be counterproductive, as virtually all courses of financial action will have some tax consequences, and they should not be avoided solely on this basis.
Search results for

'Tax Planning'

  • Safe Tax Planning For High-Net-Worth Filers

    http://www.investopedia.com/articles/taxes/09/affluent-tax-planning.asp
    ... Safe Tax Planning For High-Net-Worth Filers. February ... That doesn't mean legal
    tax planning opportunities don't exist for the affluent. With ...

  • Start Tax Planning Now

    http://www.investopedia.com/video/play/moneyshow-tax-planning-trader
    Uncertainty over upcoming changes to US tax laws makes year-end tax planning more
    difficult, but tax expert Robert Green has some timely, valuable suggestions. ...

  • 7 Year-End Tax Planning Strategies

    http://www.investopedia.com/articles/tax/09/offset-capital-gains.asp
    7 Year-End Tax Planning Strategies. ... The US tax code provides planning opportunities
    for taxable investors when capital investments lose value. ...

  • Estate Planning Certifications

    http://www.investopedia.com/articles/financialcareers/09/estate-planning-certifications.asp
    ... The estate planner works with individuals to formulate and implement a tax planning
    and charitable contributions strategy, and to realize their financial ...

  • Personal Income Tax Guide: Basic Concepts | Investopedia

    http://www.investopedia.com/university/personal-income-tax-guide/tax-guide1.asp
    ... By Ken Clark One of the most important but misunderstood concepts in tax planning
    is the mechanics of the United States' progressive tax system. ...

  • Cut Your Tax Bill With Permanent Life Insurance

    http://www.investopedia.com/articles/pf/07/permanent_life_insurance_taxes.asp
    ... Proper tax planning should do two things: reduce your taxes while you are
    alive, as well as after you die. Permanent life insurance ...

  • 5 Services To Usher In New Clients

    http://www.investopedia.com/articles/financialcareers/07/new-line-business.asp
    ... Income-Tax Planning Income-tax planning is perhaps the one of the easiest
    ways to get new customers in the door. While more and ...

  • Capital Gains Tax Cuts For Middle Income Investors

    http://www.investopedia.com/articles/pf/07/capitalgains.asp
    ... three years when a seldom-discussed provision of the recent tax cuts takes effect,
    providing middle-income investors with a can't-miss tax-planning opportunity ...

  • Retirement Savings: Tax-Deferred Or Tax-Exempt?

    http://www.investopedia.com/articles/taxes/11/tax-deferred-tax-exempt.asp
    ... Filed Under ยป IRA, Retirement, Retirement Plans, Savings, Taxes. Tax planning is
    an essential part of any personal budgeting or investment management decision. ...

  • Income Relating: A New Concept In Medicare

    http://www.investopedia.com/articles/retirement/07/income-relating.asp
    ... Example - Opting Out of Medicare Part B To understand the kinks all this can throw
    into a tax planning process, imagine this example: John and Jane Doe, a high ...

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