LG Legacy Group advises individuals on best tax strategies, maximizing the size of your refund and minimizing the personal income taxes you pay to for Federal and state purposes. One item to note is that high net worth individuals do have special needs when it comes to income taxes as individuals with large incomes ($250K if married filing joint) are subject to special taxes on their income tax returns.

We review your income tax returns to look for personalized planning opportunities. Individual tax returns has been likened to finger prints; each one is unique. This uniqueness presents opportunities, and pitfalls, each and every year as your personal income tax situation changes.

Services we offer that can help minimize your income tax liability include:

  • Year-end tax planning
  • Multi-year tax projections
  • Representation before the IRS
  • Minimizing the alternative minimum tax
  • Review of passive activity losses and basis concerns
  • Tax planning and strategies related to your investment planning and capital gains
  • Review of income tax credits
  • State and local tax monitoring
  • Estate and gift tax planning
  • Retirement planning and distributions from qualified plans and IRAs
  • Business entry/exit consulting
  • Family-owned or closely held business succession planning
  • Charitable giving planning
  • Education funding strategies
  • International tax compliance