The five major “themes” of every legitimate tax plan include the following:

·        Create a Self Directed 401K Plan to Fund Your Business Operations (or start a New Company)

·        Take Advantage of Tax Credits and Deductions

·        Create Self Directed IRAs and 401Ks to legally shield up to    $64,000 per year from taxation.

·        Structure an LLC to Manage Your Primary Business;

·        Properly Use “C” and “S” Corporations to Operate Your Business

Based upon these five foundational principals of tax and business planning, my office has been able to successfully demonstrate a “zero tax” planning tool as well as a unique funding source for my client’s business and personal affairs.

Of course, every case is different.   A “zero tax” plan is not possible for every person.   However, I think we can create a strategy for your business and personal affairs which will achieve all of the following:

  • Maximize legal tax planning opportunities to lower or eliminate your company and personal federal and state taxes;
  • Create protective legal plans to protect your business and personal assets from creditor intervention;
  • Develop a solid estate plan to ensure that your wife and heirs are protected from probate as well as estate taxation issues.
  • Create a Self Directed 401K Plan to fund your existing business or start a new one.

I will attach spreadsheet analysis to illustrate the various tax planning methods we have employed with self-employed and W-2 employees that have ensured the reduction of federal and state taxation as well as the protection of the business and personal assets from creditors.


    “C” Corp Business          MGMT CO. 1040 JT RETURN
  Business Income $200,000.00 $125,000.00 $0.00
  W-2 Salaried Income $75,000.00 $50,000.00 $125,000.00
  Loan Proceeds $0.00 $0.00 $0.00
  Other Income (spousal support, third party) $0.00 0 $0.00
  Tax Deductions      
  401 K Contributions (Single Individual) $0.00 $0.00 $0.00
  401 K Contributions (husband/wife) $0.00 $0.00 $50,000.00
  Traditional IRA Contributions (husband/wife) $0.00 $0.00 $14,000.00
  Healthcare Flexible Spending Account $0.00 $0.00 $0.00
  Child Care Flexible Spending Account $0.00 $0.00 $0.00
  Health/ Dental Insurance $0.00 $12,000.00 $0.00
  Qualified Dividends $0.00 $75,000.00 $75,000.00
  W-2 Salaried Income $75,000.00 $50,000.00 $125,000.00
  MANAGEMENT FEE PAID TO LLC/S CORP $125,000.00 $0.00 $0.00
  LLC BUSINESS DEDUCTIONS $0.00 $38,000.00 $0.00
  LLC BUSINESS LOSSES $0.00 $0.00 -$50,000.00
  Adjustable Gross Income $0.00 -$50,000.00 -$14,000.00
  Standard Deduction/Schedule A $0.00 $0.00 $24,000.00
  Taxable Income $0.00 $0.00 -$13,000.00
  Federal Taxes $0.00 $0.00 $0.00
  2019 FEDERAL TAX $0.00 $0.00 $0.00


  • Operating Business Income:                                                 $200,000
  • Management Fee paid to New Management Co:                $125,000
  • Client W-2 Income from Operating and Mgmt. Co:            $125,000
  • Net Disposable Cash to Client:                                             $  75,000
  • Payment of Expenses relating to Client Residence:           $  38,000
  • Funding of Retirement Plans:                                              $  64,000
  • Creation of Self Directed Retirement Plans:

As always, check with your tax professional regarding the implementation of one or all of these strategies!


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