Case Study: Tax Planning and Coordination
Tax Planning and Coordination
It was September 30th and Ms. Murphy’s tax accountants desperately needed long overdue information to complete her very complicated tax return by the October 15th deadline. Recently separated from her spouse and in a new demanding job, Ms. Murphy knew that she needed help in order to locate the necessary documents and information in time.
Upon hearing about JDJ through a close friend, Ms. Murphy turned to JDJ for assistance. We met with Ms. Murphy to obtain the documents she had accumulated to date, and we walked her through a series of questions designed to gather other pertinent tax sensitive information (such as personal gifts and charitable donations). We also met with Ms. Murphy’s tax accountant. Using the prior year tax return, as well as information obtained from the client and tax accountant, JDJ established a checklist of all her investments to ensure that we would be able to track what was still needed. Where there was missing information, JDJ called investment managers and private investment companies to obtain 1099s and K-1s. We closely examined investment and banking statements to identify deductible expenses and even called the town clerk where Ms. Murphy resided in order to get real estate tax information. With JDJ’s help, the tax return was filed correctly and on time.
Ms. Murphy continues to work with JDJ and now takes advantage of our Personal Accounting and Net Worth Reporting, Investment and Balance Sheet Administration and Lifestyle Management services as well.
Personal Accounting and
Net Worth Reporting
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Wealth Analysis Tools
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