Yes. Expenses for investment and tax planning are deductible, as itemized
expenses, subject to limitations — IRS Section 212.
How Can I Measure The Worth Of Financial Planning?
After your situation has been analyzed and recommendations made, you will
be able to clearly compare your present financial condition with a projection
for your future. The long-range benefits generally far outweigh the
costs.
Why Do I Need Business Succession Planning?
If you are currently an entrepreneur, professional service provider, or
business owner, here are three great reasons why having an exit plan is
vital for you:
Create and preserve value within your business using tools you already
have.
Transfer ownership and value as profitably as possible no matter who you
plan to sell to.
Integrate personal, financial, and estate-planning goals with the goals
of the business to maximize profit and minimize tax liability.
Does It Pay To Give Money Away?
Sometimes it pays to give money away. Sometimes it still pays to give money
away — even if Uncle Sam taxes your gifts. There are many strategies to
reduce your estate tax and achieve a balance between the advantages of gifting
and the consequences of not gifting.
