In this week’s Hidden Wealth Review, I teach that you still have time to save tax for 2019. If you had high income ($200,000 or more), had a large capital gain ($100,000 or more) or you had large distributions from your IRA, you can still reduce your 2019 tax.
We’ve already helped numerous clients to save significant amounts of tax. But, the time to save on your 2019 taxes is running out. You must create your plan and implement that plan before the end of the calendar year.
I recently spoke with a client who’s in his early eighties. Last year, we helped him save on his 2018 taxes. He thanked me and said that he actually paid less that $3,000 on $100,000 of retirement income. He asked me to help him repeat the same for 2019. Our Hidden Wealth Tax Saving Solution allowed him to pay the least amount of tax legally possible and he will continue to do so as long as the favorable tax rates and tax code incentives last!
Whether you qualify for just some or for all of the tax-savings benefits in the Tax Cuts and Jobs Act, the time to save tax is right now while we have the lowest tax rates that we are likely to see in our lifetimes. Tax rates may go much higher pending the outcome of the 2020 presidential election.
If you want a tax protection and preservation strategy because you are facing a high-tax situation, now is the time to act! To save tax in 2019 you must take tax-saving actions in 2019.
– We taught a client in Phoenix how, using provisions of the Tax Cuts and Jobs Act, to offset over $150,000 in IRA distributions so that he pays no tax on this money.
– We taught another client with $350,000 in earned income this year how to save tax on
$280,000 of that income. This saved him about $65,000 in unnecessary tax.
Higher tax rates have traditionally failed to soak the rich for more taxes. This is because the rich use little-known tax strategies to help shelter them from unnecessary taxes.
These tax-savings strategies have always been here. It’s just that many people don’t know how to use them. You must act now in order to save tax for 2019!
Because the time to save taxes is limited, if you seriously want to save on tax in 2019, simply email help@TaxesSaved.com. Please be sure to give us your name, your best phone number and best time of day between 9:00 AM Eastern and 7:00 PM Eastern. If you are in a time zone other than Eastern, please convert you desired local contact time to Eastern time. Also, please include a brief narrative describing the particular tax challenge that you are facing. NOTE: we need all of the requested information in order to reach you. Because time is so short, we will be serving clients on a first come, first served basis. You need to hurry!
Don’t leave yourself exposed to the outcome of next year’s election. Save tax now, before the tax rates go up!
We are excited to announce our latest press release. Great things are happening at The Hidden Wealth Solution! Click here to read the full release.
Here’s to your Hidden Wealth,
Chuck Oliver
Best-Selling Author