Happy November and best wishes for a memorable holiday season. We still have a few weeks for tax planning, then we’ll get into holiday mode and start looking forward to a great 2023!

There are a couple of weeks left to project your 2022 tax results and make tax-saving decisions. Whether you simply wish to anticipate the outcome of this year’s tax filing results or to proactively mitigate taxes, now is the time to plan.  

We know how important tax planning can be and we do not charge current clients for this service. We’ll include a few ideas for year-end tax strategies in this correspondence, but call us for a personalized analysis. The challenging environment may have negatively affected your ’21 income and your investment results, in which case there could be opportunities for realizing capital losses and converting taxable retirement plans. Review your taxable investment accounts for potential loss harvesting.  See Key Planning Points in this correspondence for additional ideas.

Your planning conference is also the ideal time to understand:

• Your personal and business filing requirements
• Key Filing dates
• Best practices for information and paperwork to prepare for our review/your 2022 taxes
• Resolve all questions to make tax filing easier

If you are a small business owner, this is the ideal time to review your 2022 taxable income to determine the proper estimated taxes to pay for the fourth quarter payment due 01/15/23.

We have a lot of flexibility to work together in person in Los Angeles or San Diego or by phone or video conference!  Call or e-mail to schedule tax planning time to minimize your 2021 taxes!

Please contact Gabriela@taxplus.com or call 310.398.3231 to request a phone or video conference with one of our Enrolled Agents. Contact Rita@taxplus.com  or call 858.279.1640 for our San Diego office.

We look forward to tax planning with you!

TaxPlus Team