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Your New Tax Plan
A tax plan built in advance — then actually followed.
Most people do not have a tax plan. They have a tax return. The difference is timing: a return records a year that has already closed, while a plan changes the year while it is still open. When K-1 income is in the picture, that difference is measured in tens of thousands of dollars.
We build one written plan that aggregates the benefits buried across every K-1, W-2, and 1099 you receive — then give you a calendar so the plan gets executed instead of filed away.
Aggregated Benefits
What a K-1 is really telling you.
A K-1 is not one number — it is a stack of separate tax items, each with its own rules, limits, and deadlines. Owning two or three entities multiplies the stack. Aggregating those benefits into a single projection is the only way to see the real tax picture in time to change it.
Ordinary business income & guaranteed payments
Box 1 and Box 4 drive self-employment tax, QBI treatment, and how much retirement plan contribution room you actually have. Planned early, they shape the whole year.
Depreciation, depletion & Section 179
Paper losses are one of the most powerful and most wasted items on a K-1. Timed to land in a high-income year — instead of a low one — the same deduction is worth far more.
Interest, dividends & capital gain items
Portfolio items flowing through an entity stack on top of personal investment income, quietly triggering the 3.8% net investment income tax and bracket creep.
Credits & basis limitations
Credits are lost when basis, at-risk, or passive-activity limits block them. We check the limits before December — the only time they can still be fixed.
Multi-state apportionment
Income sourced to several states creates filings, composite elections, and credits for taxes paid elsewhere. Aggregating across entities prevents paying the same dollar twice.
Distribution & estimated-payment timing
When cash leaves the entity determines the safe-harbor payments you owe and whether you face an underpayment penalty on top of the tax itself.
Tax Plan Calculator
Estimate your aggregated K-1 benefit before the year closes.
Enter your projected income by type, then set the planning levers a written plan would put in place. The estimate updates as you type — nothing is submitted and no contact details are required.
Projected income this year
Planning levers
These are the moves that only work while the year is still open.
Estimated tax with no plan
$106,890
Estimated tax with the plan in place
$50,094
$56,797
53% less tax · effective rate 22.0% → 10.3% · top bracket 22%
- Federal income tax
- $65,509 $22,371
- Capital gains & qualified dividends
- $6,000 $6,000
- Self-employment tax
- $8,478 $8,478
- Net investment income surtax (3.8%)
- $2,090 $599
- State income tax
- $24,814 $12,646
- Taxable income
- $189,761
- Qualified business income deduction
- $21,000
Where the savings come from
- Pretax retirement / cash balance funding$70,000 deployed$21,978
- Accelerated depreciation & Section 179$60,000 deployed$16,098
- Income deferred or shifted out of this year$50,000 deployed$13,578
- Charitable / DAF funding$25,000 deployed$7,818
Each lever is measured on its own, so the individual figures can overlap slightly with the combined total above.
Turn the estimate into a plan
Your K-1 layers are exactly where advance planning pays. Send the numbers to a Senior Retirement Expert and get a written, month-by-month plan your CPA can execute.
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Educational estimate only. Uses projected 2026 federal parameters, a single blended state rate, and simplified treatment of QBI, passive-activity limits, basis, at-risk rules, AMT, credits and local taxes. Your actual result depends on facts this tool does not collect. Not tax, legal or investment advice — confirm every figure with your CPA or tax attorney before acting.
How We Build It
Four steps, all of them before year-end.
1. Aggregate every source
We collect prior returns, each K-1, W-2 and 1099 income, entity agreements, and depreciation schedules, then combine them into one projected taxable income picture for the current year — not last year.
2. Model the year before it ends
With the projection in hand we test scenarios: accelerate or defer income, place depreciation where it does the most good, size retirement plan contributions, and identify the Roth conversion room your brackets allow.
3. Write the plan with dates and owners
Each strategy becomes a line item: the Internal Revenue Code provision behind it, the expected dollar impact, the deadline, and who executes it — you, your CPA, your attorney, or us.
4. Follow it and review quarterly
We revisit at each quarter and again before year-end, adjusting for a profit swing, a property sale, or a law change. The return at filing time simply reports a plan already carried out.
Following the plan is the plan
A strategy that is never executed saves nothing. These are the commitments we put on your calendar and check at every review.
- Estimated payments made on the safe-harbor schedule, not guessed in April
- Retirement plan documents adopted before the entity deadline, funded on time
- Depreciation and cost segregation studies delivered in the year they are claimed
- Distributions timed against basis so nothing becomes an unexpected gain
- Roth conversions sized to fill a bracket — and stopped before IRMAA thresholds
- Charitable gifts routed through the vehicle that produces the larger deduction
The cost of waiting until filing season
April planning is arithmetic
By the time the K-1s arrive, elections have expired and the numbers are fixed. Your CPA can only report them accurately.
Deductions land in the wrong year
A large deduction used against low income wastes most of its value. The same deduction, planned into a peak year, can be worth multiples more.
Surprise liabilities and penalties
A strong entity year with no plan produces a tax bill plus underpayment penalties and interest — an avoidable expense on top of an avoidable tax.
Already thinking about where retirement income will come from? See tax-free retirement income and our tax planning services.
Questions We Hear
Your New Tax Plan, explained.
What does it mean to aggregate benefits from K-1 income?
A K-1 does not report a single number — it reports layers: ordinary business income, guaranteed payments, depreciation and depletion, Section 179 expense, interest and dividend items, capital gains, credits, and state apportionment. Aggregating means combining those layers across every entity you own so the total tax effect is planned as one picture instead of six separate surprises at filing time.
Why does the plan have to be built in advance?
Almost every meaningful provision is date-driven. Entity elections, retirement plan adoption, cost segregation studies, charitable vehicles, installment structuring, and Roth conversion room all depend on decisions made while the tax year is still open. Once the year closes, your CPA is a historian: the return can only report what already happened.
How is this different from having a CPA file my return?
Filing records history. Planning changes it. Your New Tax Plan is a written, forward-looking document with owners, dates, and expected dollar impact — coordinated with your CPA so the return simply reflects the plan you already executed.
Who benefits most from this?
Partners, S-corporation shareholders, real estate owners, and professionals receiving K-1 income alongside W-2 or 1099 earnings — especially in a year with a liquidity event, a property sale, a strong profit year, or a retirement transition.
What happens if I don't follow the plan?
The plan produces savings only when it is executed on schedule. Missed contribution deadlines, unfiled elections, or an unplanned distribution can undo the projected result — which is why we build a calendar and review it through the year rather than handing you a PDF.
Educational content only — not tax, legal, or investment advice. Outcomes depend on your individual facts and circumstances. All strategies are implemented with licensed CPAs and follow the Internal Revenue Code — www.irs.gov.
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