Tax legislation has become an annual event. Since 2001 there has been at least one new tax law every year. And, implementation of these laws is more convoluted than ever. Congress continuously passes tax legislation with provisions that phase in or out over several years or are applied retroactively. In an environment of constant change and complexity, it is challenging to stay informed and plan effectively. Yet, it is clear that failure to plan will likely result in missed opportunities and higher taxes. Advanced planning almost always reduces an individual’s tax liability. Our goal is to help our client’s minimize federal and state tax liability to the fullest extent allowed by tax law. We recommend our client’s take time every year to review both short- and long-term financial goals and consider tax planning moves that will help them achieve these goals.