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Time for a Tax Return Review?

Time for a Tax Return Review?

April 15, 2021

OK, taxes are done (well, maybe not quite this year...) and maybe you are ready to put taxes to the back of your mind for a while. 

But maybe not quite yet. 

As soon as last years taxes are done, it's time to start planning for next year (and beyond).  Why now?  Well, there may be planning opportunities which we could uncover from your return that are best addressed now, rather than waiting to the end of the year.  The good news is, this isn't on you.  Financial Pathways can help. 

Existing financial planning clients can upload their returns directly to their Financial Planning Vault.  Just send us an email to let us know you sent it up.  With most returns, you can just send up the first several pages of the form 1040.  If you have a business, or real estate interests, send us the whole thing. 

If you are already an investment management client, or a subscription based client, an annual tax review is included in your service agreement, so hold us to it!  For those who are not investment clients, but who already have a financial planning profile with us, the cost of review may be minimal - and could uncover planning opportunities worth thousands of dollars. We also like to review tax returns for our planning clients because it helps us validate the assumptions and projections we have built into your financial plan.  So even if you think your tax situation is so simple that we can't do much for you - send us your return anyway!   

Not one of our clients yet?  Don't have a financial plan?  Well, this is a great time to get the ball rolling.  Give us a call to find out how financial planning can help you achieve your goals.