Individual and High Net Worth Tax Compliance

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