Tax Preparation & Planning
Reduce your overall tax burden now and in the future.
At Infinity Tax & Wealth Management, we do taxes. More importantly, we do tax planning, and we distinguish ourselves from other investment advisors by specializing in helping you avoid overpaying taxes.
Throughout the year, we work with you to offer planning strategies that consider your entire tax and investment picture. Proactively managing your yearly tax strategy ensures you’re taking full advantage of all the ever-changing tax laws and deductions, which ultimately reduces your overall tax burden both now AND in the future.
We use proprietary software to calculate lifetime taxes for you and your spouse and then build scenarios to demonstrate how taxes can be mediated. One of the biggest missed taxes is the increase in Medicare premiums, called IRMAA (income related monthly adjustment amount). Our process addresses this and all other areas of unforeseen taxes.
This might sound like a lot of work, but our team of skilled and certified public accountants will handle most of the heavy lifting. In addition, our wealth management clients are taken through a seven-step tax reduction process called the Tax Management Journey℠. Steps on this journey include:
- Roth conversions
- Deferring taxes
- Tax efficient withdrawal strategies
- Charitable and gifting strategies
- Tax deduction bunching
- Social security tax reduction
- Family gifting
- Avoiding marginal tax traps
- Donor advised funds
Call (828) 681-8574 to schedule a Tax Strategy Session