Life Events

MEDIATING RISKS AND LIFE UNCERTAINTIES

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.