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Memorandum: Tax Efficient Financial Planning

Details: Your managing director asks if you can participate in a seminar that the firm is doing on tax efficient financial planning. He would like you to send him, in memo form, the various types of vehicles that can be used by clients to reduce the various kinds if taxation.

Prepare a memo to the managing director that explains the different vehicles available that can be used for each of the following:

- Minimize income tax
- Minimize capital gains tax
- Minimize estate tax

Concentrate on the vehicles.

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Solution Preview

Hello Student,

In order to structure this memorandum, the first thing you may want to do is seek to find general information as it relates to tax efficient planning and ways to reduce the various kinds of taxes. Four sources are provided below that you may read and from there gather information for your memorandum. They are:

1) http://ezinearticles.com/?Top-7-Ways-to-Minimize-Your-Income-Taxes&id=250971
2) http://ezinearticles.com/?Protecting-Investments-From-Capital-Gains-Tax&id=4418804
3) http://ezinearticles.com/?Giving-Gifts-Can-Reduce-Estate-Tax-Burden&id=5254153
4) http://www.mercer.com/articles/1405455

After you have looked at these sources, you should then get an idea of what should be included in the memorandum. I have provided a memorandum for illustration purposes:


To: Managing Director
From: Executive Assistant
Date: February 15, 2010
Subject: Tax Efficient Planning Seminar - Ways to Reduce Taxes

With reference to the upcoming seminar on Tax Efficient Financial ...

Solution Summary

This solution provides you with an illustrated memorandum addressed to the Managing Director and it points him to the various ways that clients can reduce taxation of various kinds - including income tax, capital gains tax and estate tax. This solution is approximately 500 words.