Tax Planning and Preparation is a vital aspect of a well-defined creation and preservation plan.  

Whether you are an individual or a multi-tiered partnership, our tax planning services will ensure you are in the best position to take advantage of all available tax reduction opportunities. Our experienced staff will develop and present you with custom solutions that take advantage of new tax laws and legislation thereby reducing past, current and future tax liabilities.

Each of our client relationships begin with a no cost review of three prior year's returns. We do so primarily to increase out familiarity of your prior tax filings, but our clients often benefit from our ability to detect a prior oversight that subsequently results in the filing of an amended return/s for the purpose of obtaining a refund.

Contact us today if you feel a refund is due to you! Look back periods are limited, so act quickly!

Tax Planning: A Systematic and Regularly Scheduled Activity 

In contrast with tax evasion, the willful nonpayment of taxes legally owed, tax planning aims to increase net spendable income, accelerate wealth creation and enhance after-tax wealth.

Tax planning is the systematic analysis of differing tax options aimed at the minimization of tax liability in current and future tax periods. By analyzing tax implications of decisions throughout a tax year.

A partial list of what Systematic Tax Planning will provide you:  

  • Choosing a filing status,
  • Whether to file jointly or separately,
  • Is an S-Corp or C-corp more suitable,
  • The timing of a sale of an asset,
  • Ascertaining over how many years to withdraw retirement funds,
  • When to begin receiving retirement income,
  • Arrangement of discretionary income,
  • When to pay expenditures,
  • The timing and amounts of gifts to be made,
  • Figuring out the most advantageous time to realize capital gains and losses,
  • Knowing when to accelerate deductions and postpone income or vice versa,
  • Setting up a proper estate plan to reduce estate taxes,
  • Real Estate Cost Segregation analysis
  • and other legitimate tax-saving options.

Tax Planning: Includes Investment and Insurance Planning

Investing in tax deferred investments, tax-exempt securities, or tax shelters offsetting capital gains from passive investments, such as real estate investment trust.

Insurance products can be used to increase after-tax income through the tax-deferral features of annuities and cash value life insurance. Estate taxes can be reduced through the preferential tax treatment of the life insurance when properly structured.

Tax Preparation: Begins by Looking Back

Tax planning and preparation form a winning combination for our successful individual and business clients. Our services include:

  • Individual and Business Tax Planning
  • Preparation of Individual, Partnership, C-S-LLC Corporate Returns
  • Preparation of Trust and Estate Returns 
  • Multi-State Returns
  • Prior Year Analysis and Amended Returns
  • Business Tax Preparation (Payroll, Sales, Property, other) 
  • IRS, FTB and other Regulatory Agency Representation

Cost Segregation: A Real Estate Tax Reduction Strategy

Ray Simmons makes available to real estate owners a tremendous tax benefit.  Cost Segregation is a technical service that segregates component real estate assets into more appropriate tax lives.  This asset depreciation technique yields enhanced depreciation deductions and therefore substantially increases your cash flow.  The procedure generates cash tax savings by carving out shorter lived assets normally embedded in a buildings construction or acquisition costs, which typically have much longer depreciation periods.  The result is often very substantial cash flow savings.  See graph for an estimated percentage of savings by industry.

A Cost Segregation study may be conducted on any building that has been placed in service by a tax paying company or individual that does not show an operating loss. Cost segregation studies of projects with a capitalized cost of $2 million or more that are less than ten years old are worth completing. In addition, recent regulations have been kind to taxpayers in that they have allowed "catch up" depreciation all in the first year of the study. 

We have performed numerous cost segregation studies on nearly all building types. Since the 1997 landmark case Hospital Corp of America (109 TC 21) established the principles of cost segregation, Ray Simmons and our strategic partners have been diligent in structuring this benefit opportunity and making it available to you.

Please call us at (800) 994-7094 or e-mail us at to answer any of your questions, and to provide you with a benefit estimate on your property(s).