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TAX SERVICES

Tax Preparation

Preparing your own income tax return can be a daunting task and without the knowledge of an experienced tax professional many deductions and credits can be overlooked. Our professional staff is trained to minimize your taxable income through planning, financial forecasting and the consistent monitoring of new tax legislation.

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 We provide tax planning and preparation services for all types of entities, including:

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  • Corporations, Partnerships and Limited Liability Companies

  • Individuals

  • Nonprofits

  • Employee Benefit Plans

  • Trusts and Estates

  • We can also assist smalls business in the set up a simple accounting system to help keep books up to date.

Tax Planning

Planning is the key to successfully and legally reducing your tax liability. At Cohen, Cohen & Company, we proactively recommend tax saving strategies to maximize your after-tax income. Businesses and individuals pay the lowest amount of taxes allowable by law because we continually look for ways to minimize your taxes throughout the year, not just at the end of the year. We can provide tax saving strategies that grow and preserve assets, defer income and reduce taxes on your income, estate, gifts, investments and retirement distributions.

 

Strategies we use include:

  • Shifting income or expenses from one year to another

  • Deferring tax liabilities through multiple investments

  • Restructuring your income

  • Splitting income among several family members or legal entities

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Call us for a no-charge initial conference. We will discuss your financial and tax situation and determine how we can help you.

Estates & Trusts

We have assisted numerous high net worth family groups transfer wealth in the most tax efficient manner.  The different goals of each client drives the strategy and solution to the planning.  Once the plan is in place, we encourage periodic review to determine if any portion of the plan should be modified as a result of changing tax law or other circumstances.

 

We can assist with the following:

  • Designing and implementing of estate plans

  • Setting up and transferring business interests and other assets to dynasty trusts

  • Qualified personal residence trusts

  • Marital trusts

  • QTIP trusts

  • Family charitable foundations

  • Charitable trusts

  • Life insurance trusts

  • Family limited partnerships

  • Defective grantor trusts and other transfer vehicles 

 

In addition, we will prepare any needed gift tax returns as a result of the transactions.

Tax Problems

We're here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, affordable, and of course, extremely discreet.

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