What is tax planning?
An important part of investing and saving is tax planning. Tax planning is legal, and its purpose is to reduce taxes due in respect of investment behavior by adapting. Tax planning is not to be confused with tax evasion, which is illegal. Tax planning is not always possible or even attempt to avoid taxes, but to the transfer of the charge to a later date. The idea here is that the unpaid tax will also produce and on the other hand, it is hoped that the outstanding tax payments may not be able later to avoid the tax paid will never get back.
When to do tax planning?
The investor tax planning generally perceived as a tax return in connection with the task of filling a black art. Although something can still be done even as tax planning, tax return filling lunch the moment are more or less non-existent. The majority of tax planning measures is usually done at the end of the year. Listed below are the year-end tax planning efforts.
An experienced investor thinks anon further: in making decisions that provide better tax planning tools over a longer period. Such decisions include the selection, decentralization, and several book-entry securities account the use of the corporate form.
Tax planning opportunities
tax planning at the end of the tax year, the investor want to go through the donations made during the year. This should be done in good time before the happy end of December. If years unless the balance is positive as tax for the year is forecast to be paid in taxes. If a loss has become so if taxes do not have to pay, of course, but the losses incurred encouraged to try to take advantage of as well as possible.
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