Written by: Tricia Rosen, CFP®, MBA, EA, Principal of Access Financial Planning, LLC

Tax Planning in Plain English

Preparing and filing your income tax returns each year is one thing, but understanding the impact of various decisions on your tax obligation is something most people don’t do. Most tax preparers will complete the current year tax return in isolation based on the documents they receive from you. It is rare to have a tax preparer advise a client on how to manage their financial decisions in order to minimize their tax obligation over time, and even more rare for the client to get advice on how their various financial decisions impact each other.

I have the ability to take a client’s tax return, run it through software to analyze it, and get a report in plain English which can guide financial decisions. I also have the ability to put in scenarios for future years to understand the impact of various financial decisions on tax obligations over time.

A picture is worth a thousand words, so to view a sample tax report for Mickie and Minnie Mouse which shows tax planning in plain English, click on this link:

Mickie Mouse and Minnie Mouse 2023 Tax Report

If you’d like a tax report run for you, book a no-obligation introductory call here: Book Tax Report Review Meeting


Additional Information: 

As always, if you would like more information on how to create a tax-efficient income strategy in retirement, or any other financial planning topic, please contact me. Find out more about Access Financial Planning, LLC here

Disclaimer: This article is provided for general information and illustrations purposes only. Nothing contained in the material constitutes tax advice, a recommendation for purchase or sale of any security, or investment advisory services. I encourage you to consult with a financial planner, accountant, and/or legal counsel for advice specific to your situation. Reproduction of this material is prohibited without written permission from Tricia Rosen, and all rights are reserved. Read the full disclaimer.