Advice and free quotes on Life and Health Insurance, Investments, Long Term Care, Annuities and Group Benefits. Overlooked deductions Tax Planning is the process of finding every possible legal way to reduce your tax burden. As many people have pointed out, endeavoring to pay very little in taxes in a legal manner is neither unethical or immoral.
Most people consider it the height of intelligence.
Always consider the use of a qualified tax professional to help you save as much as possible. If you'd like references, feel free to contact us . You have a capital gain when you sell a capital asset for a profit. Of course you can also lose money when you sell a capital asset, incurring a capital loss. Capital gains are better than ordinary income for two reasons.