Forensic Accountant | Retirement Planning
Many northerners are drawn to the Sunshine State where there is no Florida personal income tax. Moving can often expose you to unique IRS and Florida tax planning issues. Becoming a Florida resident requires a series of actions & behaviors that go beyond merely getting a new driver’s license. Even when Florida residency is successfully established, you may still be subject to income tax in your former state, depending on where the source of your income is located. Gary Kaplan is experienced in Florida and IRS planning, establishing residence, and tax planning that involves multi-state considerations.
Florida is known for its number of senior communities. These people have worked hard through the years; they want to enjoy the fruits of their labor with the least tax impact. You may be facing sensitive decisions that revolve around what will happen to your assets upon your own retirement or death. The timing of retirement and other distributions can have a material impact on your IRS and Florida tax planning, as well as tax impact on your heirs. When it comes to estate planning, we recognize that trying to do the right thing for everyone often leads to conflict between all the people & interests you care about. Gary Kaplan can work with your attorney to make sure your wishes and goals are accomplished in the most tax efficient way. He can analyze estate and income tax aspects of wills, the use of various trusts, charitable planning, the use of life insurance and other available tools as part of your IRS and Florida tax planning.
IRS and Florida tax planning goals are basic: defer income and/or accelerate deductions. The objective is to minimize overall taxes and maximize the time value of money. Many current provisions such as low capital gains tax rates, the high estate exclusion & low rates for estate taxes are scheduled to expire at the end of 2012. The next few years will likely produce significant tax legislation; major shift in tax policy will require expertise you can trust. Gary Kaplan devotes a substantial part of his practice on new regulations, their effect on your situation, and what adjustments you may need to make on your comprehensive tax planning for the IRS and Florida. Our clients value the knowledge, strategy and performance that Gary offers; he will do the same for you.
We provide a FREE initial consultation to every client. Give us a call at 1 (866) 643-3560 or fill out our FREE consultation form. We will contact you within 24 hours.
