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Tax Planning

 

Tax Planning

 

 

Tax Planning Guide

To help you make the most of the tax-saving opportunities available to you, we’re pleased to offer our up-to-date tax planning guide. It offers a wide variety of strategies for minimizing your taxes.

2024-2025 Year End Tax Planning Guide

 

The more you know about tax law changes and possible tax-reduction strategies, the easier it will be to determine which tax strategies will make sense for you this year, such as the best way to time income and expenses; we invite you to look through our guide and see which strategies might benefit you.

IMPORTANT LINKS

Tax and Estate Planning Guides

Our Tax Planning Guide answers frequently asked tax questions for individuals, businesses, not-for-profit organizations, and more. If you have questions about the CARES Act, the Consolidated Appropriations Act, the ARPA, tax changes under the TCJA, need a list of updating tax due dates, or have other questions, please refer to our guide HERE.

Our Estate Planning Guide helps you plan to ensure that your assets are distributed according to your wishes and your loved ones are provided for. From estate planning basics to charitable giving, life insurance, community property, and more, we have many helpful resources in our Estate Planning Guide HERE.

Want us to send you the latest tax and accounting news and advice? Sign up to receive our biweekly newsletter!

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Did you know that you need to register to access IRS Online Services?

ID.me is the identity verification platform the Internal Revenue Service (IRS) employs to provide secure access to online tax services. In addition to the IRS, several other federal agencies, including the Department of Veterans Affairs and the Social Security Administration, also utilize ID.me for multifactor authentication and identity proofing. Individuals must use ID.me to log in and access certain information from the IRS. If an individual already has an ID.me account, for example, if he or she has a Global Entry account (or an account from another federal agency in general), the individual should not need to create a new account; the existing credentials should be able to be used.

Note, ID.me does not process tax returns for the IRS. Instead, the IRS works with ID.me to provide identity verification for various IRS applications and forms.

Step-By-Step Instructions on how to register for ID.me
  1. Go to the IRS Online Service
    1. Visit the IRS website and select the online service you want to use (such as “Get Transcript” or “Online Account”), or follow this link to create a new: https://www.irs.gov/payments/online-account-for-individuals.
  2. Start the ID.me Registration
    1. Click “Create an ID.me account.”
    2. Enter your email address and create a strong password.
    3. Agree to the terms of service and privacy policy, then click “Create account.”
  3. Verify Your Email Address
    1. Check your email for a message from ID.me.
    2. Click the verification link in the email to confirm your email address.
  4. Set Up Multi-Factor Authentication
    1. Choose how you want to receive security codes (text message, authentication app, etc.).
    2. Enter the code you receive to complete this security step.
  5. Verify Your Identity
    1. You’ll be asked to upload a photo of a government-issued ID (driver’s license, state ID card, or passport).
    2. Follow the instructions to upload a clear photo of your ID.
  6. Take a “Selfie”
    1. Use your smartphone or a computer with a webcam to take a selfie.
    2. This selfie will be compared to your ID to confirm your identity.
    3. Alternative to Selfie (Optional)
      1. If you prefer not to use a selfie, you can verify your identity through a live video call with an ID.me agent.
    4. Complete the Verification Process
      1. Once your identity is verified, you’ll receive confirmation.
      2. You will now be able to use your ID.me credentials to sign in to IRS online services.
    5. Access IRS Online Services
      1. Return to the IRS online service you want to use.
      2. Sign in with your new ID.me credentials to securely access your tax information.
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