Guest Blogger: US News and World Report - Pay Less in Taxes
Recently, Kimberly Palmer from US News & World Report interviewed Karl and wrote a feature story on how to pay less in taxes.* Here are the first few paragraphs. For the complete story, visit their website by clicking here or on the link below.
Karl Frank's new book, "Go Tax Free," might be a hyperbole, but he says almost all taxpayers can take steps to significantly reduce the amount of money they hand over to Uncle Sam every year. "Most people pay more than we have to, and that's a shame. It doesn't take a whole lot of planning and foresight to reduce your tax burden, but you have to do the work," says Frank, a certified financial planner and president of A&I Financial Services LLC in Englewood, Colo.
Now, with plenty of time before the end of the year, is the time to figure out how. Frank says the group that's most primed to cut their taxes are professionals, which he describes as "folks who are already spending below their means and who don't need budgeting help, but who aren't so wealthy that they can hire a team of advisers."
As for the ethics of minimizing your tax burden, Frank says there's nothing wrong with simply taking advantage of the existing tax code. "You have the ability to act with your own integrity and do everything appropriately ... We all want more choice and control," he says.
Click here to read the rest of the story.
*These ideas are examples and do not constitute tax advice. Consult a qualified tax professional to obtain tax advice based on your specific situation.