Personal Tax Planning

Individual income tax planning
Gift tax planning
Estate tax planning

At NewtonGreene & Associates, we believe that being proactive is the key to personal financial success. This philosophy is reflected in comprehensive year-round tax planning services that we provide. Federal and State tax regulations can be very ambiguous and complex. There are a number of new tax laws that are being passed every year. It is extremely difficult to stay up-to-date on the latest developments in tax law. We are ready to provide our clients with professional guidance and assistance allowing you to make better tax decisions that will avoid costly mistakes. Some people think that estate and gift tax planning is only for wealthy; however, if your assets are worth $2,000,000 or more, estate planning can greatly benefit you. Taxable estates worth in excess of the exclusion amount ($2,000,000 currently and $1,000,000 after 2010) may be subject to federal estate taxes, with rates as high as 50% to 55%. There is a number of estate planning methods that we can introduce you to in order to minimize federal taxes on your estate.