Tax What If Doctor<\/a> <\/span><\/h2><\/div>![](\"https:\/\/taxwhatifdoctor.com\/wp-content\/uploads\/Blog-Pic-2023.03.21.png\" "\\"Simple")
<\/a><\/div>Simple or Complex, Tax Planning is Important!<\/a><\/span>by TaxDoctor<\/a> on July 15, 2026 at 4:20 pm <\/small>Sometimes \u201ctax planning\u201d can be easy: \u201cOpen an IRA and it reduces your taxable income.\u201d Other times it can be quite complex: \u201cCost segregation\u201d on a building means hiring an engineering firm and having a structure broken down into its many components on paper, with each value separately listed; the frame, wiring, heating systems, etc., and taking write-offs, generally much faster than simply taking a standard approach. These are both ways to lower federal or state taxes. \u00a0 For the people who have made large amounts of money or have larger estates, the year to year tax bill is not as much of a concern as the \u201cDeath Tax Bill.\u201d Planning for them can be simple or complex as well,<\/p><\/div><\/li>
- <\/a><\/div>The Only Constant is Change (Especially with Taxation)<\/a><\/span>by TaxDoctor<\/a> on July 7, 2026 at 8:28 pm <\/small>
We talk a lot about people not doing tax planning and not spending more time creating the tax outcomes they want. We urge people to understand that it\u2019s within their own control and that tax outcomes can be legally and ethically manipulated. We go on and on about the benefits. \u00a0But\u2026we understand why it\u2019s so rarely done! It is because almost nothing in people\u2019s lives has more constant change than taxes, and keeping up with all the changes can be an overwhelming challenge.\u00a0What if every four years your banking rules changed, \u201cOh I\u2019m sorry John, we no longer pay you interest, now you pay us interest to keep money here.\u201d\u00a0Or \u201cNow you have to send in your mortgage payment daily,<\/p><\/div><\/li>
- <\/a><\/div>Smart Business Owners Increase their Company\u2019s Sale Value Before and After Tax by Planning Ahead<\/a><\/span>by TaxDoctor<\/a> on June 29, 2026 at 6:58 pm <\/small>
Most business owners in any five year period can answer yes to at least one of these life event questions that would cause them to need to know what their company is worth. 1. Are you contemplating the sale of your business? 2. Are you working with or bringing in a partner? 3. Are you contemplating or currently going through divorce proceedings? 4. Are you potentially going to have to defend yourself or your company in court? 5. Are you looking for financing? There are other possible reasons of course, but the point is that there are many times a business owner finds himself or herself needing to obtain a proper business valuation for their company. Unfortunately, it\u2019s often an<\/p><\/div><\/li>
- <\/a><\/div>A Hidden Tax That You Can Avoid Paying with Proper Planning<\/a><\/span>by TaxDoctor<\/a> on June 24, 2026 at 6:07 pm <\/small>
People who earn more than a certain amount and who are enrolled in\u00a0Medicare Part B\u00a0or\u00a0Medicare Part D, or both, will face additional premiums, called The Medicare Income-Related Monthly Adjusted Amount (IRMAA). IRMAA \u201csurcharges,\u201d which is a replacement word for a tax, are based on income earned two years prior to the coverage year. So, for example, a client enrolling in Medicare in 2026 would pay an IRMAA surcharge based on their 2024 tax return. Generally there are two types of people that pay IRMAA surcharges: Those who might be affected and those who will always be affected. Because it is income based, people with an unusual income event may only be affected once, while people with higher incomes may always<\/p><\/div><\/li>
<\/a><\/div>Simple or Complex, Tax Planning is Important!<\/a><\/span>Sometimes \u201ctax planning\u201d can be easy: \u201cOpen an IRA and it reduces your taxable income.\u201d Other times it can be quite complex: \u201cCost segregation\u201d on a building means hiring an engineering firm and having a structure broken down into its many components on paper, with each value separately listed; the frame, wiring, heating systems, etc., and taking write-offs, generally much faster than simply taking a standard approach. These are both ways to lower federal or state taxes. \u00a0 For the people who have made large amounts of money or have larger estates, the year to year tax bill is not as much of a concern as the \u201cDeath Tax Bill.\u201d Planning for them can be simple or complex as well,<\/p><\/div><\/li>
<\/a><\/div>The Only Constant is Change (Especially with Taxation)<\/a><\/span>We talk a lot about people not doing tax planning and not spending more time creating the tax outcomes they want. We urge people to understand that it\u2019s within their own control and that tax outcomes can be legally and ethically manipulated. We go on and on about the benefits. \u00a0But\u2026we understand why it\u2019s so rarely done! It is because almost nothing in people\u2019s lives has more constant change than taxes, and keeping up with all the changes can be an overwhelming challenge.\u00a0What if every four years your banking rules changed, \u201cOh I\u2019m sorry John, we no longer pay you interest, now you pay us interest to keep money here.\u201d\u00a0Or \u201cNow you have to send in your mortgage payment daily,<\/p><\/div><\/li>
<\/a><\/div>Smart Business Owners Increase their Company\u2019s Sale Value Before and After Tax by Planning Ahead<\/a><\/span>Most business owners in any five year period can answer yes to at least one of these life event questions that would cause them to need to know what their company is worth. 1. Are you contemplating the sale of your business? 2. Are you working with or bringing in a partner? 3. Are you contemplating or currently going through divorce proceedings? 4. Are you potentially going to have to defend yourself or your company in court? 5. Are you looking for financing? There are other possible reasons of course, but the point is that there are many times a business owner finds himself or herself needing to obtain a proper business valuation for their company. Unfortunately, it\u2019s often an<\/p><\/div><\/li>
<\/a><\/div>A Hidden Tax That You Can Avoid Paying with Proper Planning<\/a><\/span>People who earn more than a certain amount and who are enrolled in\u00a0Medicare Part B\u00a0or\u00a0Medicare Part D, or both, will face additional premiums, called The Medicare Income-Related Monthly Adjusted Amount (IRMAA). IRMAA \u201csurcharges,\u201d which is a replacement word for a tax, are based on income earned two years prior to the coverage year. So, for example, a client enrolling in Medicare in 2026 would pay an IRMAA surcharge based on their 2024 tax return. Generally there are two types of people that pay IRMAA surcharges: Those who might be affected and those who will always be affected. Because it is income based, people with an unusual income event may only be affected once, while people with higher incomes may always<\/p><\/div><\/li>