Lloyd Conley, MBA, EA is a Sr. Tax Architect serving private business owners and high net worth individuals throughout the USA. Tax Architecture is about structuring or re-structuring the way private business owners and investors do business to line up with the most favorable sections of the Internal Revenue Code (IRC). The IRC highly favors private business owners!
At the 30,000-foot level, Estate Tax planning is about managing the transfer of wealth over generations by leveraging the IRC sections that allow taxpayers to minimize the impact of Estate Taxation at death. Income Tax planning through Tax Architecture is about minimizing the impact of Income Tax now, in order to build wealth before death. Efficient balancing of these goals is a cornerstone of good wealth management!
Under some circumstances, these two tax minimizing strategies can have conflicting goals and impacts. Therefore, it is important to have professional advisors who can negotiate the differences with optimum results. I once had an attorney tell me that paying more income tax is like paying insurance premiums to avoid estate taxes. Yikes!!!! That maybe true if you’re sitting on a $25 Million-dollar or a $5 Billion-dollar estate. However, if you’re paycheck or your business is your largest asset, deliberately paying too much income tax can ruin your lifestyle, your retirement, and your estate plan!
For most taxpayers, even among the elite income earners, minimizing income tax and maximizing wealth now is the best starting place. If you are in doubt about the efficiency of your current tax plan, call me to find out what Tax Architecture can do for you!
Contact Lloyd Conley EA
936-499-8146
10603 W Sam Houston Pkwy N, Ste 225
Houston, TX 77064
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