TAX PLANNING
Lauer Law offers a comprehensive array of tax planning and related services that can be individually customized. Lauer Law has helped many estate, business, and individual clients minimize taxes and preserve assets with proper tax planning strategies.
Estate and Gift Tax Planning
Although some of our clients may not think that they are “wealthy” enough to have an “estate” tax , if they have bank accounts, hold the title to real estate, or have life insurance policies, they have assets to be preserved and protected from estate and gift taxes. Lauer Law can help clients minimize gift and estate tax with the use of appropriate tools such as:
Credit Shelter Trusts
Marital Trusts
Irrevocable InsuranceTrusts
Charitable Gifts and Trust
Family Partnership and Limited Liability Companies (LLC)
Gifts within the annual exclusion and the unified credit
Read more about Estate and Gift Tax services here.
Income Tax Planning for Business
Lauer Law assists our clients to structure their business to minimize income and estate taxes. By reducing a client’s taxes, we provide additional funds for investments, business growth, equipment purchases, or other operating expenses. Lauer Law works with its business clients to determine:
The best legal structure for the company, whether it is a partnership, sole proprietorship, limited liability company, or “S”or “C” corporation
Appropriate accounting and inventory valuation methods
Suitable benefit and retirement plan packages
Income Tax Planning for Individuals
The federal tax code provides deductions to taxpayers including the following:
Business travel expenses
Real estate taxes and interest on mortgages and student loans
Retirement contributions
Heath savings accounts
Job search expenses
Capital losses
Alimony payments
Knowing the income tax deductions that are available to taxpayers and when they may be taken can help taxpayers reduce their tax liability. Lauer Law’s experience in taxation will ensure that you minimize your estate, gift and income taxes.
