Monday, November 05, 2007

Those in These Categories Need to Take Action by Year’s End

Does this sound like your situation?

It’s already November and the end of the tax year is approaching quickly. If you are in any of the following situations, you need to act now or it will be too late to lower your tax obligation for 2007.

* You sold an asset in 2007 tax year with capital gain of over 100K and did not have a tax saving strategy in place prior to sale.

* You are getting a large lump sum of compensation by December 31st which will put you into a high tax bracket and you will be sending 33%-50% to the IRS in the form of income tax.

* The sale of your asset will occur on or before December 31, 2007 and you will have a capital gain of over 100K.

Depending on which category you fall into, your savings could range from significant to massive. In all the above cases, it is crucial you have the understanding of the consequences vs. rewards should you decide to act and protect your monies.

Many people think that April is my busiest month since that is tax deadline. This is true for CPAs and tax professionals who file returns but not for me.

December is one of my busiest months because it is the last chance to minimize a tax obligation which occurs in the current calendar year.

With the pressure of the holidays approaching, give yourself a gift and don’t wait until the last minute to hang onto your gains. It’s no fun come April 15th when you have to write out a huge check to the IRS and you wish you could have a “do-over”.

Fill out the confidential Qualification Questionnaire at the link below and I will contact you directly, or call me at (760)917-0858 for a complimentary consultation. You still have time to act, but this window will be closed before you know it! - Questionnaire link

Paula Straub
Save Gains Tax LLC