Comments on: Tax Resolution and Financial Freedom: Using the Financial Planning Process to Resolve IRS Tax Problems http://www.norwalk-cpa.com/tax-resolution-and-financial-freedom-using-the-financial-planning-process-to-resolve-irs-tax-problems/ A Norwalk, CA Accounting Groups Tue, 28 Dec 2010 19:19:08 +0000 hourly 1 http://wordpress.org/?v= By: L. A. Stortz http://www.norwalk-cpa.com/tax-resolution-and-financial-freedom-using-the-financial-planning-process-to-resolve-irs-tax-problems/comment-page-1/#comment-19 L. A. Stortz Wed, 30 Sep 2009 01:27:25 +0000 http://www.norwalk-cpa.com/tax-resolution-and-financial-freedom-using-the-financial-planning-process-to-resolve-irs-tax-problems/#comment-19 If you are a CPA, EA, Enrolled Agent, tax attorney, or financial planner and would like to learn more about using a holistic approach to resolve the problem of increasing tax debt of your clients, then this book is for you. The author believes that the answer to tax debt is to create a holistic tax and financial plan that focuses on the client's total financial situation. Due to the fact that tax problems are generally a sign of larger financial problems, the author believes that a plan of action that promotes positive financial behavior while preparing for the future is critical. This can be accomplished by bridging the gap between the two disciplines of tax resolution and financial planning -- achieving goals and objectives related to resolving tax debt while creating a financial plan to accomplish lifespan financial goals. He believes that every client should be pursuing the goal of "tax freedom" in order to assume control over future tax problems. <br /> <br />This book is full of helpful charts and worksheets such as: (1) a checklist for ranking financial planning goals; (2) cash flow, spending plan, and net worth worksheets; (3) offer in compromise worksheets; (4) tax resolution action steps; (5) emergency fund projection; and (6) insurance and estate planning checklists. <br /> <br />In addition, the appendix includes helpful checklists such as: (1) tax resolution tips; (2) financial freedom tips; (3) 10 common tax resolution myths; (4) choosing a tax resolution planner; and (5) seven R's of financial behavior motivation and change. <br /> <br />This book is well written and should be on every tax professional and financial planner's bookshelf. The content of this book is very timely, relevant, and practical in today's economy. Rating: 5 / 5 If you are a CPA, EA, Enrolled Agent, tax attorney, or financial planner and would like to learn more about using a holistic approach to resolve the problem of increasing tax debt of your clients, then this book is for you. The author believes that the answer to tax debt is to create a holistic tax and financial plan that focuses on the client’s total financial situation. Due to the fact that tax problems are generally a sign of larger financial problems, the author believes that a plan of action that promotes positive financial behavior while preparing for the future is critical. This can be accomplished by bridging the gap between the two disciplines of tax resolution and financial planning — achieving goals and objectives related to resolving tax debt while creating a financial plan to accomplish lifespan financial goals. He believes that every client should be pursuing the goal of “tax freedom” in order to assume control over future tax problems.

This book is full of helpful charts and worksheets such as: (1) a checklist for ranking financial planning goals; (2) cash flow, spending plan, and net worth worksheets; (3) offer in compromise worksheets; (4) tax resolution action steps; (5) emergency fund projection; and (6) insurance and estate planning checklists.

In addition, the appendix includes helpful checklists such as: (1) tax resolution tips; (2) financial freedom tips; (3) 10 common tax resolution myths; (4) choosing a tax resolution planner; and (5) seven R’s of financial behavior motivation and change.

This book is well written and should be on every tax professional and financial planner’s bookshelf. The content of this book is very timely, relevant, and practical in today’s economy.
Rating: 5 / 5

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