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Tax Planning Information: Every taxpayer should develop a tax strategy
aimed to minimize the amount of tax that will actually have to be paid to the
taxing authority, both in the long term and in the short term. The first step is
choosing the proper filing status. Tax planning is conducted most efficiently by
tax planning professionals, who can assist is setting up proper estate planning
and the timing of investments. In many situations it may be possible and
advantageous to delay the receipt of income, for example.
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