What is better than getting the most money back from the Federal Government in your life time? Never giving it to them in the first place. Tax “avoidance” is generally thought of as the utilization of legitimate strategies and techniques in order to minimize the amount of money a taxpayer will owe to the government.
Avoidance techniques do not violate tax laws, but rather use them to the taxpayer’s advantage. Timing strategies, permissible income-shifting techniques, and maximizing allowable deductions and credits are general examples of such techniques. At Fort Wealth Management we work hard to incorporate tax avoidance strategies into all of the plans we create and manage for the individuals and families we serve.