The practice of income tax planning is a proactive approach to reviewing a estate tax position to ensure that any current or future income tax issues or concerns are fully understood and any opportunity to mitigate those identified taxes is executed either now or in the future.

At Gauvreau & Associates, some methods of income tax planning involve the review of specific transactions prior to their execution to ensure no unexpected tax liabilities exist, discussions and analysis with clients based on their current year results and the expected tax outcome of such results, and review of the existing structures to ensure that the most tax efficient structure are in place at all times.