Second Opinion Tax Diagnosis

Overview

Identify income tax savings for business owners & entrepreneurs.

Solution Detail

• Introductory Meeting – 1 hour via Zoom
• TaxWealth Analysis Engagement via DocuSign & $2,500 Analysis Fee paid at the time of engagement. This fee is applied to the total planning fee should the client implement the strategy. NOTE: Fee is refundable only if no tax savings is found.
• A Document Checklist is provided to the client (INSERT LINK to Document Checklist)
  • 3 years of Personal and Corporate tax returns (Federal & State)
  • Personal & Corporate Balance Sheet
  • Corporate Income Statement
  • Dates of Birth: Client, *Spouse, & *Children (*If applicable)
• Analysis requires 10 business days
• Strategy Presentation Meeting – 1 hour via Zoom
• TaxWealth Strategy Engagement via DocuSign – The remainder of the Planning Fee is paid at the time of engagement
• Strategy Implementation – The timeline for implementation averages 3-12 months depending on the strategies used
• This is an annual engagement for ongoing strategy maintenance

Target Use Case(s)

• Business owners of C-Corp, S-Corp, LLCs, Professional Corporations, Partnerships, and Schedule C Sole Proprietors with a gross revenue of $300,000 or more.

Referral Compensation

• TaxWealth’s $5,000 Analysis Fee is not subject to referral compensation splits.
• TaxWealth’s Planning Fee will be split with the Referring Advisor based on TaxWealth’s Flat Fee Compensation Schedule for Tax Strategy Engagements. For Alliance Partner:  50/50 Split of the TaxWealth Planning Fee
• Life Insurance Commission: Compensation to TaxWealth is split 50/50 provided the referring advisor is licensed for life insurance production
• NOTE: If TaxWealth Receives a simple introduction and completes all the work of analysis, education, document collection, and strategy implementation, the Referral Compensation Split will be 20% to the Alliance Partner
• Any Advisor or Client Referral from the TaxWealth Alliance agrees to these terms unless otherwise stated.