Become a Tax Saver:
Tax planning can help you reduce your tax bill by hundreds, thousands, tens of thousands, and even hundreds of thousands of dollars depending on your unique set of circumstances.
I have seen people use tax plans to reduce their tax liabilities by 10%, 50%, and even 100%, which basically means they reduced their tax bill to ZERO by simply creating a plan to accomplish this.
So today, you are going to learn how tax plans make all of this possible and some areas you can focus on to reduce your own tax bill.
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The Power of Tax Planning: (0:00)
What is Tax Planning?: (1:00)
Review Your Taxable Income: (2:06)
Review the Types of Taxes You Pay: (3:02)
Review the Amount of Taxes: (3:57)
Changing Your Facts: (4:56)
1) The Best Taxable Entity?: (5:30)
2) Missing Tax Deductions?: (6:48)
3)The Best Tax Deferral Accounts?: (7:45)
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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By: LYFE Accounting
Title: What is Tax Planning? [How to LEGALLY Reduce Your Taxes]
Sourced From: www.youtube.com/watch?v=HSjT58W6PYo
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