Premium Dollars from Tax Savings – Replaying the Hand with Form 1040

In our everyday talk we depend on idioms more than we realize.  These expressions, whose understood meaning have nothing to do with their strict definitions, allow us to make a point more quickly, more directly, or more diplomatically.  And the world of common playing cards is a fruitful source of often-used idioms.

Consider:  Having someone at a distinct advantage suggests that we hold all the cards.  And it is to our benefit if we don’t overplay our hand.  We keep our intentions hidden by holding those cards close to our vest, or by keeping an ace up our sleeve.  Closing the deal might require that we lay all our cards on the table with the risk that all might still collapse like a house of cards.

Taxes are an irritating presence in our lives.  It often seems the IRS is playing against us with a stacked deck. 

But part of the problem may be that we aren’t playing with a full deck when it comes to taking advantage of various tax reduction strategies. 

And a wise advisor who can assist in this will generate tax savings using the previously unrealized funds to pay premiums for much-needed insurance coverage.

And while we must play the hand we are dealt, a good carrier marketing piece is available to help your client, through a simple line-by-line review of their Form 1040, to play future hands more profitably and, perhaps, replay a past hand finding tax savings in an earlier filed return.

Available upon request, the brochure guides you and your clients through their Form 1040 (based on the 2023 versions) allowing for assurance that all available deductions were taken last year and providing suggestions how taxes might be reduced for the current year.

Contact Tom Virkler at 706-614-3796 or tom@cpsadvancedmarkets.com about access to the brochure and arrangements for a scheduled call with you, your clients, and – if needed – clients’ legal and tax advisors.

For What It’s Worth:  During the 1930s the U.S. Playing Card Company produced a deck with five suits for use when playing contract bridge, all to introduce new strategic possibilities to the popular game.  The fifth suit was eagles, and the color was green.  But the increased complexity proved unpopular, even among more talon-ted players, so the upper-deck was discontinued.