Tax Strategies and Preparation: Applying a Wealth Management Perspective

A key component of financial planning is gaining tax efficiency. EP Wealth Advisors works with you using a holistic approach that incorporates your wealth management goals to help you retain as much of your earned income as possible.


Calculation of Your Adjusted Gross Income

First, we evaluate your Adjusted Gross Income (AGI)—the sum of everything you’ve earned, less certain “above the line” adjustments such as:

  • Retirement plan contributions such as IRAs, SIMPLE IRAs and SEP-IRAs
  • Half of any self-employment tax
  • Healthcare Savings Account (HSA) contributions

The AGI that results after subtracting such allowances determines your eligibility to claim many of the deductions and credits we’ll consider in the next step.


Comprehensive Analysis of Deductions

Once your AGI is established, we’ll determine whether your expenses such as mortgage interest, charitable gifts, state taxes and more are sufficient to file as itemized deductions, or whether it will be more beneficial to take the standard deduction allowed by the IRS.


Application of Tax Credits

We’ll also apply any tax credits that can affect your tax liability. Examples include credits for college expenses and the adoption of a child, as well as prior-year Alternative Minimum Tax (AMT) paid, foreign taxes paid, and purchase of a qualified electric or alternative-fuel vehicle.


Tax Preparation Services We Provide

EP Wealth Advisors can assist with tax strategies and many types of tax returns in all 50 states for individuals and their associated non-public business entities. Our capabilities include individual returns.

If you are looking for the preparation of complex business returns, we can help recommend a tax partner for you.

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Our Tax Preparation Process

To take advantage of our tax preparation services, you’ll begin by signing a Tax Preparation Agreement. Next comes a discovery process that provides a clear picture of your tax situation. This includes reviewing your previous two years of tax returns and ensuring we have obtained all the documents and information needed to strategically prepare your return.


Following this, our implementation process involves creating a draft return, discussing with you any remaining questions needed for its completion, and then providing the draft for your review. Upon your approval, we send you a PDF of the return and save a copy in your tax file, obtain your approval for eFiling and eFile the return with tax agencies. Finally, we notify you of eFiling acceptance.

Tax Preparation Costs

EP Wealth Advisors offers tax preparation services exclusively to clients who are receiving fee-based wealth management and have met our $500,000 investment minimum. These services are not available to hourly-only clients. Costs will vary with the complexity of your tax situation and assets under management. Your EP Wealth advisor can provide details.

An Integrated Approach to Taxes

With capabilities that span the spectrum of financial-advisory services, EP Wealth has the perspective to address your tax situation as an integral component of a holistic wealth management strategy. This ability to manage your taxes in the context of other life objectives can ultimately prove more effective than a tax plan considered in isolation. To discuss your own tax situation, we invite you to contact one of our advisors.

Contact Us For More Information



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