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Estate Planning Basics

Shifting Income

Shifting income is one of the three primary tax planning techniques.  The other two are postponing the tax and changing the nature of the tax.  Shifting income moves income to a person in a lower tax bracket and has them pay the tax, assumably at a lower […]

The Three Ways to Control Taxes

Most of the tax planning advice that financial advisors give you really doesn’t help lower your adjusted gross income, which is what you have to lower if you are really serious about tax planning.  There are basically three techniques that can be used in serious tax planning.  […]

Ten Things You May Not Know About an LLC

A CPA friend of mine recently sent me a list about LLCs that he had sent out in a newsletter. I let him know that his source for newsletter information doesn’t understand a fundamental basic concept of LLCs–that the LLC tax structure and legal structure are totally […]

Double Tax

A lot of people misunderstand or get confused when we talk about double taxation.  The double tax commonly talked about only occurs in the context of a corporation or LLC taxed under Chapter C of the IRS Code.  This is commonly called a C corporation.  Please note […]

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We wish everyone in America had the means to obtain the knowledge that Attorney Lee Phillips is attempting to impart in the Accumulation and Preservation of Wealth course. We are thankful that there is a legal system that is designed to protect people’s assets, no matter how little or how much.
~ Ed, Dallas Texas