Let us help you find a way to realize your financial goals and enable you to make better decisions through analysis and an outside viewpoint. We can provide you with detailed guidance. Two goals that most people want to achieve, but often have trouble reaching, are having enough money for a college education and a comfortable retirement.
The cost of a college education gets closer everyday, let’s start preparing today. LG&H can provide you with the tools and resources to assist with this expense. We can provide detailed analysis to show you how much you need to put aside now to reach your future financial goals. Furthermore, we can provide you with information about the types of investment vehicles available and the types of risks associated with each. This will enable you to make the most knowledgeable financial decisions. Once you have selected your investment vehicles, we can provide you with a detailed plan of how much to set aside, when, and in what form.
As today’s tax environment becomes increasingly more complicated, LG&H encourages our clients to take full advantage of the services that we provide including; tax forecasting, planning and representation before federal and state tax authorities.
Planning for tax season we can have you account for items that will minimize your AGI with tax deductions like education, self employment and health savings expenses. If you pay medical, real estate tax or mortgage interest these expenses can make the difference between the standard or itemized deduction that help reduce your taxable income. If you are planning a life-changing event, such as an adoption, or life challenges you with a break-in, we can ease your financial worries with the effects this can have on your taxable income. Tax credits include child care, retirement and residential energy expenses that will lower your tax bill. If your withholding covers your tax bill we may not need to assist you in the payment of quarterly estimated tax payments, but we can should the need arise. All of the income, deductions and credits considered in determining your tax will have a different effect on your AMT tax and we can work with you to minimize both taxes.
Out of the Country
Are you a U.S. citizen living abroad? Whether you lived in the U.S. for 2 days or 200 days all of your income is subject to U.S. income tax. Let us help you report your finances in accordance with country tax treaties or IRS voluntary disclosure requirements. Some of your income may be excluded and housing expenses may be able to reduce your taxable income. If you have both foreign and U.S. income your deductions may need to be allocated. LG&H wants to work with you to meet foreign reporting requirements.