TAX PLANNING AND PREPARATION

    OUR HOLISTIC TAX PLANNING PROCESS

    Integrate your Tax Planning with Your Investments

    Tax planning is complex. Our team can help you simplify your taxes and make your financial plan and investment portfolio work together as we address all your tax concerns and needs.

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    Calculate Your Adjusted
    Gross Income.

    The first step is to figure out your sources of income and your Adjusted Gross Income (AGI)—all that you have earned, as well as certain “above the line” adjustments, which allows us to determine your eligibility to claim deductions and credits.

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    Perform Comprehensive
    Deduction Analysis.

    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.

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    Identify Available
    Tax Credits.

    We apply tax credits that may reduce your tax liability, such as college expenses, adoption expenses, prior-year Alternative Minimum Tax (AMT) paid, foreign taxes paid, and the purchase of a qualified electric or alternative-fuel vehicle.

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    Integrate your Tax Planning
    with Your Investments.

    Your EP Wealth Advisors’ team works diligently to ensure your financial plan, investment portfolio, and business plan (if applicable) align to address all your tax concerns and needs.

    HELPING WITH TAX PREPARATION

    We Offer a Wide Range of Tax Preparation Services

    EP Wealth Advisors can assist with the preparation and filing of many types of tax returns in all 50 states for individuals and their associated non-public business entities. We can also recommend external resources for more complex business return needs.

    • Tax Loss Harvesting Strategy: If you have taxable investment accounts, strategically selling underperforming assets is one way to reduce a large capital gains bill at tax time.
    • Tax Bracket Management: Offsetting certain income by making retirement plan contributions or pushing off asset sales until next year can prevent you from owing a higher tax percentage.
    • Charitable Planning: In some cases, it makes sense to forego the standard deduction so you can write off expenses like mortgage interest, state and local tax, medical expenses, and charitable donations.
    • Business Tax Planning: Business decisions such as structuring, taking advantage of deductions, and matching employee 401(k) contributions can affect your tax burden.

    TAX PREPARATION, STEP BY STEP

    We Make the Process Simple & Efficient

    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, including a year-end tax projection to ensure any and all planning is done prior to year end. We will also review 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

    Talk to Your EP Wealth Advisor About
    the Comprehensive Services We Provide

    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.

    ARE YOU PREPARED FOR THE TAX YEAR? 

    It’s never too early or too late to think about tax planning.

    Watch our year-end tax planning webinar today!

    HOW TAXES IMPACT YOUR FINANCIAL PLAN

    Build Your Personal Wealth with Optimal Tax Management

    Minimizing tax liability can make a tremendous difference in your net worth over time. Tax management is critical at every stage of the financial planning process:

    • Assessment of current net worth
    • Balanced income and expenditures
    • A debt management plan
    • Wealth accumulation goals
    • A retirement plan
    • Risk appetite and tolerance
    • Investment strategies
    • Emergency savings requirements
    • Insurance coverage
    • Estate planning
    • Business planning

    BIG-PICTURE TAX STRATEGIES

    As Your Life Changes, So Does Your Financial Strategy

    As life-changing events like marriage, divorce, buying and selling real estate, or caregiving needs unfold, our financial advisors are here to help you adapt quickly and adjust your tax strategy. We’re eager to earn your trust for the long-term, whether you need to review your financial portfolio, ramp up your financial education, or gain the confidence to know you’re on course with achieving your big-picture goals.

    WHY CONSULT A FINANCIAL ADVISOR
    FOR TAX PLANNING?

    Discover the Many Benefits of Working With a Financial Advisor on Tax Preparation:

    • A financial planner can holistically assess your financial health and your tax situation.
    • Beyond tax filing, we advise on debt payoff, budgeting, retirement, and wealth accumulation.
    • We offer investment management with tax-loss harvesting and a tax-efficient withdrawal strategy.
    • Our team assesses ways to potentially lower your tax liability for your business and personal finances.
    • We advise on estate planning to help you understand how best to structure your estate to meet your legacy goals and ensure your wishes are carried out.
    • You'll learn more about how capital gains, losses, expenses, and inflation can impact your plan.

    WANT TO BE STRATEGIC ABOUT TAXES?

    Contact us today and we'll get you connected with one of our EP Wealth Advisors who can help you integrate a tax plan into your personal financial plan and investment strategy.

    CONTACT AN ADVISOR TODAY

    FIND A FINANCIAL ADVISOR NEAR YOU

    Our breadth of coverage across the U.S. means we’re local—here to serve your needs at your convenience.

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