Tax Planning

Changing Life... Changing Taxes...

Life events, both minor or major, can have a profound impact on a person’s tax situation.  Without proper planning, these changes can deliver unwelcome surprises when it comes time to prepare and pay your taxes.

Here are a few of the events that can have significant bearing on your tax picture:

• Change in marital status… Marriage, separation, divorce, loss of spouse
• Children… Whether they’re new to your family or heading out on their own
• Part time employment… One of the biggest “gotchas” faced by taxpayers each year
• Unexpected Income… Gifts, inheritances, gambling winnings, etc.
• Emergency Income… Early distributions from pensions or retirement plans
• Change in job status… promotions, unemployment, bonuses, retirement, etc.

The advisors at Cloister Tax Services can help you navigate the tax consequences of change in your life… whether expected or unexpected.

Is your life changing?

Call Cloister Tax Services today for a consultative appointment.