A corporate executive with W-2 income of $4,000,000. The executive had zero deductions available due to various phase-outs and limitations, was paying over $1,500,000 each year to the government. Current debt payoff was a priority for the client, rather than long term savings and retirement strategies.
Based on the client’s preferences, cash flow needs, and budget, we designed their custom tax plan with:
A tax deduction of $730,000 from the real estate investment reduced the executive’s tax liability by $262,000, delivering a refund of over $252,000!