Background 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 $150,000 each year to the government. Current debt payoff was a priority for the client, rather than long term savings and retirement strategies.
Fortunately, they called one of our partners at Cash Balance Advisors!
The Plan Based on the client’s preferences, cash flow needs, and budget, we designed their custom tax plan with:
The Results A 2017 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!