Tax planning is a constant consideration for wealthy individuals, not a once-a-year process, said Lisa Featherngill, CPA, PFS. Wealthy clients can use several strategies to manage their tax bills, including creating conservation easements, setting up LLCs to manage investments, and using defined-benefit plans. Looking for more tax strategies for your clients? Use this checklist to help find tax and financial planning ideas using a 1040.
To read the full article in CNBC, click: Here are Five Ways the Super-Rich Manage to Pay Lower Taxes.
