Montello Tax & Financial Planning Announces New "Tax Optimization Plan" for Taxpayers in Palm Beach Gardens, Florida

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Montello Tax today announced the “Tax Optimization Plan” now available for high income taxpayers, self-employed individuals and business owners in Palm Beach County Florida.

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“We are proud to offer such a robust tax planning tool for our clients. The Tax plan is easy to understand and is designed to help high income earners, self-employed individuals and business owners optimize both their income and estate tax outcomes”.

Many taxpayers know that the Internal Revenue Code is, by far, the most complex tax code in the world. It impacts every aspect of a taxpayer's life including their job, business, home, investments, and even makes an impact at death. Hidden within the Code are many tax deductions, credits and exclusions that are overlooked or undiscovered by many high wage earners, self-employed individuals and business owners. These hidden opportunities can produce huge tax savings but only through deliberate tax planning aimed at optimizing the tax outcome. Otherwise, these tax reduction opportunities simply get wasted for many unwary taxpayers. The Tax Optimization Plan will help taxpayers save thousands of dollars each year by proactively analyzing their business, finances and tax returns for overlooked or undiscovered tax savings opportunities.

The Tax Plan is a multi-layer, multi-year tax plan that analyzes a taxpayer’s exposure to the various dimensions of the new tax regime (Net Investment Income Tax, Alternative Minimum Tax, Medicare surtax, reduced personal exemptions and itemized deductions through PEP & PEASE and the new 39.6% tax bracket for high income taxpayers) over time and offers strategies to obtain the maximum tax benefit. The tax plan analyzes the taxpayer’s income tax situation, the interplay between the taxpayer and his/her business entity and the interplay between income taxes and estate taxes and it offers individualized tax reduction strategies that is build upon the tax arbitrage that is created by such interplay. No other Tax Plan offers this kind of practical information and tax saving strategies.

For business owners, The Tax Plan strategies can result in tax arbitrage which can lower a tax bill. Several of these strategies are aimed at the owner’s individual tax situation and others at the business itself. With the top marginal bracket now being lower for C Corps (35%), than for individuals (39.6% plus the 3.8% surtax), business owners can once again save taxes by properly using the appropriate corporate entity for their business.

For the self-employed, there are literally dozens of tax deductions built into the tax code that are only available to self-employed taxpayers. The trick is to know what deductions are available and how to apply them to a particular situation. The Tax Plan will analyze all available strategies to save taxpayer dollars.

For more information about the “Tax Optimization Plan” call at (561) 694-6660 or visit

Source: Montello Tax & Financial Planning, LLC.

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Larry Montello
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