Save More with Proactive Tax Planning: Insights from Jeff Hockett

Money Talk with Yu, hosted by Jerry Yu

Do you want to maximize your tax savings? Are you looking for a solution to efficiently plan and save on your taxes? Well, I have just the answer for you. Join me as my guest, Jeff Hockett, shares proactive tax planning strategies that will help you achieve optimal tax savings. By implementing these strategies, you can ensure efficient tax planning and maximize your savings.

About Jeff Hockett:

Jeff Hockett is the Owner of Hockett Tax and has been doing taxes since 1993. As an EA, he has helped clients save money on taxes, negotiated offers in compromise, provided audit services, and helped many companies get started. He has been a member of several organizations over the years and has always donated his time to many volunteer positions. He is the Past President of the West Valley Nation Association of Property Managers, a Current member of the American Society of Tax Problem Solvers, and a consultant for many small businesses and Brokerages. And he is also the Host of the More Money in Your Pocket Podcast.

On today’s Fortify Your Financial Kingdom, Jeff and Jerry discuss:

• Maximize tax savings with proactive planning strategies that keep more money in your pocket.
• Avoid the potential consequences of ignoring IRS letters by understanding the steps to take and protecting your financial future.
• Accurate record-keeping is key to ensuring you're able to claim all available deductions and minimize your tax liability.
• Discover the benefits of working with a tax professional who can navigate the complexities of the tax system on your behalf.
• Learn how to navigate the complexities of the tax system to optimize your tax savings and financial success.

Key Takeaways:

• Maximize tax savings

Proactive tax planning is key to maximizing your tax savings, both for businesses and individuals.

• Avoid negative consequences

Ignoring IRS letters and failing to address tax issues promptly can have serious repercussions, including hefty fines and penalties, or even legal action.

• Ensure accurate record-keeping

Keeping detailed and accurate financial records not only helps in the preparation of tax returns, but it also provides vital supporting evidence in case of an audit.

“Don't just see your accountant as a tax filer, see them as a tax planner who can help you leverage tax codes to your advantage."

—Jeff Hockett

Contact Jeff:

LinkedIn: https://www.linkedin.com/in/hocketttax/

Facebook: https://www.facebook.com/hocketttaxandpayroll/

Instagram: https://www.instagram.com/hocketttax/

About the host, Jerry Yu:

Jerry Yu, a retirement and income strategist, specializes in aiding individuals aged 50 and older facing retirement challenges. He designs customized financial blueprints to safeguard retirees' savings from longevity risk, inflation, and sequence-of-returns concerns. Jerry's expertise includes guiding those through the critical "Retirement Red Zone," offering insights on supplemental lifetime income streams, and implementing strategies to counter inflation. His mission is rooted in rectifying the misconception that wealth accumulation strategies are the same as those for spending down assets in retirement, ensuring a secure financial descent for retirees.

Contact Jerry:

Website: www.reignfinancialservices.us

Linkedin: www.linkedin.com/in/jerry-yu-4a293430/

Facebook: www.facebook.com/reign.financial.insurance

Instagram: www.instagram.com/reign.financial

YouTube: Search for “Jerry Yu – The Family Money Doctor”

Office: 500 Technology Dr., #300. Irvine, CA 92618

Work: [phone]

Cell: [phone]

Email: [e-mail]

Show notes by Podcastologist: Hanz Jimuel Alvarez

Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.