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2022 Year-End Tax Planning Update

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2022 Year-End Tax Planning Update
November 14, 2022
With rising interest rates, inflation, and continuing market volatility, tax planning is as essential as ever for taxpayers looking to manage cash flow while paying the least amount of taxes possible over time. As we approach year-end, now is the time for individuals, business owners, and family offices to review their 2022 and 2023 tax situations and identify opportunities for reducing, deferring, and/or accelerating their tax obligations.
 
The information contained within this planning letter is based on federal laws and policies in effect as of the publication date. The tax information provided focuses primarily on federal tax planning strategies. Additional planning may be necessary if you live or do business in a state with a separate state and/or local income tax, or own foreign assets. Taxpayers should consult with a trusted advisor when making tax and financial decisions.
 
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HBK Tax Advisory Group
HBK Tax Advisory Group members are seasoned tax professionals with deep experience in consulting with business owners, families and other organizations to minimize taxes while always focusing on meeting client objectives. Our tax specialists collaborate with all HBK Team Members to provide our clients with the most up to date and innovative tax planning solutions. We keep our Team Members up to date on the latest tax developments and opportunities to increase the value of our tax services.

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