The US federal tax code has grown to over 74,608 pages, from only 400 pages in 1913.
The tax system is not only used to raise revenue, but also to influence social and economic policy and deliver specific benefits to certain groups and industries. For example, encouraging people to buy houses, go to college, and purchase health insurance.
There are thousands of Tax Deductions and Tax Credits that lower taxes. Unfortunately, the IRS estimates that 92% of tax filers pay more tax than legally required.
With tax law that’s constantly changing and expanding, along with tax saving deductions and credits, significant opportunity exists to lower your tax burden.
In order to pay the least amount of tax possible, you must engage in forward-looking, strategic tax planning, maximize your individual deductions and credits, and have tax returns prepared on time and correctly. Our team at Five Stone has saved clients over $80 million in taxes and has over 125 years of experience handing all types of tax concerns including:
- Tax Planning
- Tax Preparation
- Amending Tax Returns
- Accounting & Bookkeeping
- International Tax
- IRS Concerns
Book a consultation today and start keeping more of your hard-earned income.