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As part of your tax planning strategy, you need to consider Life Events (Family Risk Management) which ultimately impact your taxes or the amount you save in taxes. Below are a summary listing of categories the IRS look at.
  1. Education
    • Enroll in School
    • Qualify Tuition Plan
    • Received Scholarship & Fellowship
  2. Home
    • Bought a Home
    • Foreclosure
    • Debt Forgiveness
    • Refinance Mortgage
    • Sold a home
  3.  Home Office
  4. Family Matters
  5. Financial
    • Personal Expenses
    • Health Savings Plan
    • Charitable Contributions
    • Medical Expenses
Footnote For Young Couples: Have a child or having children and buying a home is a sound investment.

“The hardest thing in the world to understand is income tax.” Albert Einstein

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