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C. Forrest Davis Tax Services
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Friday, Jul 3, 2009 In the mailbox Have you received a letter from the IRS or Arizona Department of Revenue? Don't be frightened by a still-sealed envelope ... and don't be confused by a complicated sounding notice. Fax or mail a copy to us for review. Many IRS letters arrive during the summer, and we're available year-round to represent you in resolving tax problems.
Asset protection In today's lawsuit-happy society, protecting what you already have is as important as making money in the first place. A variety of strategies are available, depending on the complexity of your needs. Operating your business or rental property as a Limited Liability Company (LLC) or Limited Liability Partnership (LLP) may be all you need. Or, if you have substantial assets and are concerned about estate planning, a Family Limited Partnership (FLP, usually pronounced "Flip") may be the choice for you. Every approach has tax consequences. Contact us to schedule time to discuss asset protection strategies that make sense for you.
Do you have an estate plan in place?
Estate planning is for everybody, not just the wealthy. An estate plan goes beyond
a will, to manage your assets while you're alive as well as afterward. Davis Tax
Services in conjunction with a leading law firm offers living trusts, a principal tool
in many estate plans.
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