I already have a large amount of savings that has been previously taxed. Can your tax planning strategies help me?
Potentially yes. We prefer to help you before your money has passed through the tax system if it wasn't required. But many of our clients met us after they had to pay the first round of taxes on their savings and desperately do not want to pay taxes on their savings again.
Can you help me create an investment plan too?
Yes. There are numerous tax efficiencies provided to investors in the tax code. We specialize in some of the safest, most liquid, and simplest plans available.
Are you recommending tax-deferred investments?
No. As most clients do not believe that taxes will be lower in the future, we do not recommend deferring a tax today to pay a much higher tax tomorrow. Nor would we ever recommend taking money that you have previously rescued from the tax system and put that money at risk in the tax system again.
I'd like to hear what others have to say about your company and the experience they've had working with you. Can I talk to one of your current clients?
As you can imagine, your or any other client's business and personal tax situation is a highly confidential matter, and we protect our client's information as diligently as you would expect us to protect your information. Since all of our clients – including you – will have signed a confidentiality agreement with TPP, the identities and tax situations of our clients remain confidential information. Having said this, you may have been referred to us by an existing TPP client. Because you probably already have a relationship with that person, we would encourage you to talk to them and see if they are willing to reveal specifics about how they felt about TPP tax efficiencies. We do, however, have many client testimonials.
What do I need to do to get started?
The first step is for you to send us your last 2 years of business and personal tax returns, complete a current profit and loss statement, as well as a questionnaire. The team will then analyze your financials, schedule a follow-up call with you to obtain additional information (if needed), and then schedule a date for the presentation of our recommendations to you. If you would like additional information, please contact us.
Can I meet with the Tax Protection Plan team in person?
Absolutely.
If I decide to move forward, how long will it take to implement my plan so I can start taking advantage of the tax savings?
Our team is extremely efficient having done hundreds of plans. Typically, we prepare the findings of your audit in 2-3 weeks. Once you have signed up for the plan we begin fully implementing the strategies in our findings. The time to fully complete your plan may take 30-90 days depending on how quickly you respond to our communications.
Is this a loophole to avoid taxes?
No. The definition of loophole is, "a means of escape or evasion." We help you better align with the tax code in order to **maximize** your savings opportunities, and the strategies reflect the application of existing statutes, IRS regulations, tax court cases, treasury regulations, revenue rulings, and other published guidance that has the force of law. No consideration has been given to proposed legislation.
How much time is this going to take me each month?
If you implement all of our strategies it might take you 30 minutes per month to document the appropriate activities.
What are the ongoing fees?
There are no ongoing fees associated with the design or implementation of your tax plan.
What is this going to cost me?
There is no cost for us to review your current tax situation. If you decide to move forward, we will charge a fixed fee to develop and implement your tax plan. The fee is based on the strategies required to complete your plan.
How long will the plan you create benefit me and will I have to redo it or revise it year after year?
The tax plan we design for you is sustainable, enabling you to significantly and permanently reduce your income tax liability year after year. However, as your business and personal situation evolves, your tax protection plan may need to evolve. If your situation changes dramatically or if it has been a number of years since your plan has been reviewed, we recommend a review of your new situation to determine if there are additional recommendations we can offer to help you remain tax efficient.
What kind of strategies are you recommending?
The strategies we recommend are tailored specifically to meet our client's personal and business situation. We spend time moving you past deductions and deferrals into **incentives**, credits, and benefits. After we've been able to review your tax returns and business financials, we can dive deeper into each element.
Do you prepare tax returns?
No, we do not prepare tax returns; we are not a CPA firm. We do, however, work with many CPA firms and can refer you.
What if I want to hire a new CPA? Can you recommend one?
Absolutely. We work with a lot of really great CPAs that we can recommend, who are very familiar with our strategies.
What if my CPA does not agree with the strategies you recommend?
Then you should ask them on what basis. Demand that your CPA be as thorough and detailed in their explanation of why they believe a strategy won't work, as we will be in explaining and documenting and proving that it does work. Their opinion – or our opinion – doesn't matter. What matters is what the law allows. Our experts' strategies reflect the application of existing statutes, IRS regulations, tax court cases, treasury regulations, revenue rulings, and other published guidance that has the force of law. No consideration has been given to proposed legislation. We know and understand tax law.
Will my risk of being audited increase if I restructure my business and utilize the tax reduction strategies that Tax Law Solutions is recommending?
It's a myth that reducing your taxes would result in an audit. Do you really want to pay significantly more in taxes than you legally owe based on the false fear of an audit? Wouldn't it make more sense to utilize available laws to reduce your tax liability to the legal minimum? Our experts can help lower your audit risk by completely following their advice.
What happens if the IRS changes the tax code that relates to the strategies you've recommended?
While the strategies we recommend have been part of the IRS tax code for many years, and change is unlikely, if a change in the strategies we recommend does occur, we will inform our clients.
Can I invite my CPA to any of our meetings?
Absolutely. After you've decided to move forward with the planning, we recommend inviting your CPA to the final presentation meeting. We will also include them in as many implementation meetings/calls as they'd like to attend. We will ask them to sign our tax advisor NDA.
Can you help me reduce my income tax from last year too, or can you only help me with this year's taxes?
We take a forward-thinking approach to tax planning. Our focus is to help you with the current and future year taxes.
How does your team know if I am qualified to utilize the tax reduction strategies you recommend?
Our criteria for qualification are simple. If you're currently paying $25,000 or more in taxes each year, and you're a business owner or professional who has the ability to control the way you receive your income, chances are we can help you substantially reduce your income tax liability.
It seems odd that you would offer a complimentary comprehensive analysis of my current tax situation. Why don't you charge for it?
We believe our job is to first provide you with a thorough assessment of your current tax situation before we can offer any recommendations. We have a very narrow focus and only want to work with those where we can make a permanent and significant difference. You will only pay if you want us to create and implement a new tax plan for you.
How do I know that all my personal and financial information is secure?
We will ensure confidentiality of your personal and financial information with a bilateral NDA and by providing a secure link to upload your financials.
What do I need to do to get started?
The first step is to determine which strategy you would like to begin with. This is best accomplished by having an introductory meeting and determining which strategies would have the biggest impact on your business. Then typically we request a basic census to conduct our audit and present your savings potential.
Why do I have to send you my tax returns?
We will conduct a complete audit of your current tax situation, and in order to do that, we need to review your last 2 years of business and personal tax returns so that we have performed a thorough and complete diagnostic.
Why hasn't my CPA shared any of this information with me?
We don't know, but presumably, it's because they are not familiar with these strategies. Typical CPAs do not do forward-looking tax planning; they are basically backward-looking historians who record tax information for a year that is already over. To do that type of work does not require knowledge of tax laws that COULD apply to you; it only requires knowledge of tax laws that DID apply to you. While we all need and use CPAs, their skill sets are different.
Why haven't I heard or read about any of these tax reduction strategies before?
Sometimes it really is about knowing the right people – in tax planning or in any other skilled profession. Because we are extremely narrow in our focus, we are also deep in our knowledge and understanding of applicable IRS tax code to businesses and their owners. CPAs typically do tax reporting, not forward tax planning and analysis. Plus, it's quite literally impossible for any one person to have a complete understanding of all the tax laws that could benefit you. There are tens of thousands of pages of fine print that make up the Internal Revenue Code. In addition, there are hundreds of thousands of pages of other tax law in the form of IRS regulations, tax court cases, treasury regulations, revenue rulings, and other published guidance that has the force of law.
Do I have to fire my CPA?
No. In fact, we work with many of our clients' CPAs. If you move forward with the tax reduction strategies we recommend, we will also train your CPA and help them properly file your tax returns.
How can I be sure that your tax reduction strategies are legal?
We will be applying tax savings strategies that have been used for decades by America's wealthiest and most successful businesses and business owners to your business and personal situation. Everything we recommend is already well-tested tax law. All of the recommended strategies come from the IRS website. TPP's best-in-class expert strategies reflect the application of existing statutes, IRS regulations, tax court cases, treasury regulations, revenue rulings, and other published guidance that has the force of law. No consideration has been given to proposed legislation. **In many cases, our partners provide an insurance policy to indemnify you in the event of an audit!**
Have any of your clients been audited?
If an audit occurs, there’s an insurance plan that covers the audit expenses and any fines. We have not been audited for the strategies in the Advanced Business Quadrant, likely due to specific IRS Letters of Ruling and IRS code validation. The outcome can vary based on the quadrant and strategies used. Since these strategies are based on established law, further review is usually unnecessary. In rare cases where our clients have been audited, we have never lost based on these recommendations. Remember, this is well-established law.
Do you offer audit support?
Yes, our best-in-class team of experts offers support for recommended strategies for all clients. Please note that there are different levels of Audit Protection depending on the strategies and quadrant from which you are receiving advice.
Can you help me reduce my income tax from last year too, or can you only help me with this year's taxes?
We take a forward-thinking approach to tax planning. We can only help you with the current and future year's taxes.
How does your team know if I am qualified to utilize the tax reduction strategies you recommend?
Our criteria for qualification in the advanced business quadrant is simple. If your business employs more than 10 qualified employees, there are multiple options to save you significant annual revenue as well as provide additional take-home pay for your employees, at no net cost to you or your employees.
Can I speak with one of your clients?
Due to confidentiality, we are obligated to protect our clients' information. You can, however, speak to any existing TPP client who referred you, if applicable, or review available testimonials.
Can I meet your team in person?
Yes. After analyzing your tax returns, we can present our findings and recommendations in person or remotely via video meeting.
Is this a loophole to avoid taxes?
No. Our strategies use existing laws and regulations, adhering strictly to legal standards without exploiting loopholes.
What if my CPA disagrees with TPP recommendations?
We recommend having a detailed discussion with your CPA. Our strategies are based on current laws, and every suggestion we make is backed by evidence and financial protections.
Can I bring my CPA to meetings?
Yes, we encourage inviting your CPA to the final presentation meeting, and they are welcome to attend further implementation meetings. They will need to sign our tax advisor NDA.
Do I need to replace my CPA?
No. We work alongside your CPA, offering training on implementing our recommended strategies.
Why hasn't my CPA informed me about these strategies?
Possibly because they aren't familiar with forward-looking strategies, as CPAs tend to focus on past records rather than future planning, which requires different skill sets and focus.
What if the IRS changes the tax code?
Our strategies are founded on long-standing statutes, and though changes are rare and typically not retroactive, our team remains informed about any updates.
What if not all owners want to participate?
We can assist across all sections of the Tax Efficiency Quadrant under such circumstances.
Can TPP assist me as a W-2 employee but not a business owner?
Directly, no. However, we can help your company implement tax efficiencies benefiting the business, offering additional perks and enhancing your take-home pay without cost to you or your employer.
Is the Tax Protection Plan a law firm?
No. It's a planning and consulting alliance with partnerships among top tax lawyers, CPAs, experienced business executives, and TPA and cash flow experts.
How does the Tax Protection Plan fit into my planning?
The Tax Protection Plan, supported by expert consultants, expertly navigates you through the Tax Efficiency Quadrants. Leveraging a proprietary process and specialized experts, we determine your eligibility and ensure compliance. Our team is made up of elite experts who specialize in each TEQ quadrant, ensuring minimal overlap and maximizing efficiency.
Does your team include experts other than attorneys?
Yes. Our team includes TPA partners (compliance experts) specializing in compliance, a best-in-class CPA firm, and experts with experience in government, university, corporate, and business settings.
Are the members of your team lawyers?
Our team includes attorneys with an LL.M. in Taxation and CPA licenses. Many teach college law classes and are licensed to practice before the U.S. Tax Court, making them the ideal team you've been seeking.
What experience does your team have?
Our team consists of best-in-class experts with decades of experience in their respective fields.
Do you work exclusively with for-profit businesses?
No. We follow the Tax Efficiency Quadrant model. In the Advanced Business quadrant, we work with both for-profit businesses and organizations such as non-profits, unions, schools, and universities.
Why do I need this from Tax Protection Plan?
Our coordinated, proprietary team approach combines attorneys, accountants, budget experts, cash flow specialists, and financial experts, similar to the services provided by family offices for high-net-worth individuals, but without the high price tag or $25 million wealth entry requirement. We use a proprietary process with top experts who offer advice, legal frameworks, and detailed implementation of strategies, all managed by your Tax Protection Plan efficiency expert, saving you time and stress. Our meticulously designed plans are crafted by attorneys to be fully compliant with applicable IRC sections, IRS memos, ERISA, HIPAA, and ADA regulations. By following this advice, your company will increase earnings, owners will retain more profits, and you'll save more in liquid and protected accounts.
How can the tax efficiency quadrant help reduce business taxes?
Corporate America pays 6-15% in taxes, while our clients typically pay 30%-50% before we assist them. We developed the Tax Efficiency Quadrant to guide clients through tax planning phases that go beyond deductions, focusing on Incentives, Credits, and Benefits. The tax code aims to reduce taxes, yet many planners suggest spending more to save only 40-50 cents per dollar or deferring money to uncertain future tax rates. Our expert team proactively evaluates your business structure to enhance compliance with the IRC, helping you maximize tax efficiencies and save 20%-40% or more annually.
What is "better aligning and re-negotiating" current planning?
Taxes are often the largest expense for individuals and businesses, both now and in the future. Tax Protection Plan, LLC specializes in reducing tax burdens for various entities like businesses, educational institutions, non-profits, and union–through a proprietary system and network of best in class experts. We offer solutions that keep saved money tax-free, with strategies listed on the IRS website. Unlike Fortune 500 companies that have teams of tax specialists to reduce their tax expenses, many smaller businesses rely on tax preparers and CPAs who focus on compliance rather than proactive planning. Our team of experienced tax attorneys and CPAs, some qualified to practice in front of the US Tax Court, provide pre-transaction tax strategies to help small and medium-sized entities save 20% to 40% on annual taxes by employing lesser-known, legal strategies used by the biggest corporations, as found on the IRS website.
How are my tax obligations impacted?
In many cases participants experience a decrease in taxable income. The program premiums create lower taxable income. The resulting wellness claim payments open tax deductions not previously available. It is important to track out of pocket medical expenses throughout the year to maximize this opportunity. Best-in-class tax attorneys are available on your tax hotline to discuss individual cases.
Do I have to change insurance?
You don't have to make any changes to your underlying Major Medical coverage.
