As the year-end approaches, you may want to consider steps to reduce your federal income tax bill, especially as Congress weighs tax reform. The current proposals would reduce income tax rates for most businesses and individuals, and increase the available business deductions. Whether or not the proposed tax reforms become law, the following tax tips should help you save on federal income taxes.
Paul Shuman devotes his practice to assist clients with business transactions and tax matters. More specifically, he analyzes the impact of federal and state taxation on proposed transactions (whether it is a corporate merger, sale of a family-owned business or a joint venture) to find practical solutions that minimize tax exposure. Paul’s clients include domestic and international companies, small businesses, and individuals.
Paul has a diverse background. He left his hometown of Amarillo, Texas, to live in Europe for several years. Upon returning to the United States, Paul founded a successful business renovating the interiors of large private and corporate yachts.
Paul received his undergraduate degree from the University of Texas at Austin. He then found his passion for tax law while attending Georgia State University College of Law on a full academic scholarship. After taking every tax class offered at Georgia State, Paul attended the University of Florida Graduate Program, where he received his Masters of Law (L.L.M.) in Taxation.