Make Tax Decisions Before the Deadline Makes Them for You
Year-round tax planning turns the tax return from a historical report into a decision system. Landmark helps investors project income, evaluate transactions, assign implementation deadlines and review the plan throughout the year.
What This Stage Means
By the time a tax return is prepared, most acquisition, participation, entity, retirement and year-end deduction deadlines have passed. Stage 2 turns tax planning into a current-year decision process built around projections, a written strategy calendar, quarterly reviews, transaction planning and implementation deadlines.
Signs This Stage Needs Attention
- 1You do not have a current estimate of this year's federal and state tax liability.
- 2Tax strategy and implementation are not reviewed at least quarterly.
- 3Acquisitions, sales, refinances or major business decisions occur before their tax impact is evaluated.
- 4There is no written calendar showing strategies, deadlines, required documents and responsible people.
What Landmark Provides at Stage 2
Prior-return review
Review prior returns and current facts to identify missed planning, documentation issues, opportunities and risks.
Annual strategic tax plan
Create a written current-year plan that identifies priorities, implementation steps and decision deadlines.
Tax projections
Estimate current-year federal and state tax exposure and model the impact of major decisions before year-end.
Quarterly reviews
Review tax strategy, changing facts and implementation progress throughout the year instead of waiting until filing season.
Implementation calendar
Track each strategy, deadline, document requirement and responsible person so planning turns into action.
Entity and compensation planning
Evaluate entity and compensation decisions as part of the broader year-round tax plan when relevant to the client's facts.
An investor expects income changes and multiple real estate transactions during the year. Instead of discovering the tax impact at filing time, Landmark establishes projections, quarterly reviews and implementation deadlines so the decisions can be evaluated while there is still time to act.