Why Pay and Prepare Your Taxes

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Life Events


As part of your tax planning strategy, you need to consider Life Events (Wealth Management) which ultimately impact your current taxes or the amount you will save in taxes.

Below are a summary listing of categories the IRS look at:

  1. Education
    • Enroll in School
    • Qualify Tuition Plan
    • Received Scholarship & Fellowship
  2. Home
    • Bought a Home
    • Foreclosure
    • Debt Forgiveness
    • Refinance Mortgage
    • Sold a home
    • Home Office
  3. Family Matters
  4. Financial
  5. Personal Expenses
    • Health Savings Plan
    • Charitable Contributions
    • Medical Expenses

Footnote For Young Couples: Starting a family and buying a home are sound investments.

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