Tax Reduction Planning & Tax Consulting in Oregon

We understand that your individual and business net revenues depend on how thoroughly you plan and manage tax saving strategies.

That’s why our professional Oregon tax advisors research and create customized plans to each of our clients’ individual situations with strategic tax planning and recommendations to reduce their tax burden.
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tax reduction strategies

What are Tax Reduction Strategies?

Tax reduction strategies are techniques that legally reduce your taxes by lowering taxable income, increasing deductions, and taking advantage of tax credits to gain a competitive advantage. Our goal is to move our clients from the 40% plus tax bracket to 20% or less.

One of the key ways to reduce taxes is to properly spread out your tax liability over multiple years when large liquidity events like the sale of a business or large one-time asset sale takes place.

business tax reduction strategies

Why People Hire Us

Retirement Planning
Our well-designed process and experience will leave nothing to chance when it comes to your successful retirement.
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Investment management
Once we’ve helped you define your goals and objectives, our investment management will be the engine that drives your plan.
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Transition planning
Whether you receive large windfall or an uninvited misfortune, we’ll help you make smart decisions and minimize the financial stress.
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Business Owner Planning
With Interactive Wealth Advisors’ help, you can simplify the process by integrating your business and personal planning — in an attempt to find synergies that may help to provide tax and retirement planning opportunities.
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Tax Planning
With Interactive Wealth Advisors’ help, you can simplify the process by integrating your business and personal planning— in an attempt to find synergies that may help to provide tax and retirement planning opportunities.
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Estate Planning
At Interactive Wealth Advisors, our estate planning services are designed to help you protect your family and assets while making sure they are used in the way you want. Whether it is creating a simple will or advanced trust, we can develop a custom estate planning solution that fits your needs and goals.
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IRA planning
Interactive Wealth Advisors is a fee-only financial planner in Portland, and our IRA retirement planning service will help you navigate the financial challenges of today’s dynamic retirement planning process.
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Social Security Planning
Social Security is a crucial part of preparing for retirement. Created in 1935, the Social Security Administration (SSA) was designed to help protect people from becoming destitute if they become disabled or too old to work. It provides benefits to retirees, disabled workers, widows, widowers, and their families.
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Asset Protection Planning
It has taken blood, sweat, and extreme work ethic to build your business or brand and accumulate wealth. Now that you are a high net-worth individual, it’s vital that you take deliberate steps to preserve this wealth. This is where asset protection planning comes in.
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Holistic financial planning
When it comes to preparing for the future, you want a team that understands your goals, dreams, and finances. That’s why we offer holistic financial planning and sudden wealth counseling services that are specifically designed to help you make the most of your money.
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Investment management for trusts
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IPO & Pre-IPO Tax and Financial Planning
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Stock option planning
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Wealth management
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Restricted Stock Units Planning Advisor
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Financial Windfall Planning
Expected or not, windfalls are a dream come true. While you may be tempted to purchase or experience life’s luxuries, taking a step back and rethinking how to manage the money is crucial. In this case, hiring a windfall financial planner would be the first step to safeguarding your financial future.
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Business Transition Advisor
Planning on selling your business? At Interactive Wealth Advisors, we help you build a tax-efficient exit strategy. Our company provides expert advice to help you prepare to sell your business. Book a call with our advisors today!
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Legacy planning
Fee-only legacy planning services in Oregon. We specialize in legacy financial services, legacy estate planning, family legacy planning, retirement planning, and more. Book a call with our advisors today!
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5 Tips for Ensuring Maximum Tax Deduction

Live in a tax-friendly state

According to federal law, states are barred from taxing residents on retirement benefits from another state.

So, you can employ one of the best tax retirement account reduction strategies of earning a pension in a high-tax state and relocating to a no-taxation state to prevent state taxation on that income.

Maximize your social security benefits

Should you delay receiving your social benefits until age 70 or take it earlier? What about your spouse? Those decisions can have a big impact on your tax bill. This is especially true when you are required by law to start taking your Required Minimum Distribution (RMD) from you and your spouse’s IRA. Analyze your situation to see which strategies make the most tax sense.

Contribute to your retirement plan

This is one of the most valuable tax reduction strategies for pre-retirees and retirees. The money you contribute to your retirement accounts is not considered taxable income. So by contributing towards retirement, you benefit from short- and long-term tax savings. W-2 employees can sock away $22,500 per year and an additional $7,500 for those over 50.

If you happen to own a business or receive 1099 income you could potentially save up to $73,500 in 2023. Business owners could further add to their savings using a defined benefit plan on top of their 401k plan that could potentially add an additional $265,000 in 2023. Of course, restrictions apply so read the fine print or talk to an experienced tax planning advisor.

Roth 401(k)

With Roth 401(k)s, you can save up tax-free investment growth and make tax-free withdrawals if you’re up to 59 ½ years old and your account is at least five years old.

The investment earnings in the account are not taxed yearly, and you can withdraw the balance tax-free in retirement. Plus, by properly coordinating your Roth withdrawals with your taxable, IRA and social security benefits you’ll be able to avoid any unintended tax consequences.

Reassess your investments

Consider employing tax loss harvesting strategies for your taxable investment management strategy to save on taxes today and in future years. Are you aware of the investment strategies that are designed to match the returns of index funds while at the same time produce annual tax losses between 5, 10 or even 20 percent? These tax losses can be used in the current year or be rolled forward to accumulate  for a future year when a high tax liquidity event is expected.

Our Tax Planning and Consulting Services

Tax Research

Our advisors research and stay current on taxation laws to ensure they make informed decisions. We use a multi-layered approach that combines different legal tax strategies to maximize your savings.

We explain the rules and how they will apply to a wide variety of situations like your real estate, business, and income all while staying compliant to achieve efficient tax planning results.


We offer proven, precise strategies to reduce your IRS tax and state obligations. In most cases, we’ll use side-by-side comparisons of different tax strategies so you can see the savings that each one or a combination provides.

Are you a candidate for Opportunity Zones, cost segregation or possibly a deferred sales trust? We’ll look at these and a host of others to see what’s the best option for you.

tax reduction strategies for retirees

Tax Credits & Deductions Consulting

Interactive Wealth Advisors will help you identify and take advantage of government-approved tax-saving opportunities. These credits can be offered at the state or federal level.

Remember a credit is a dollar-for-dollar reduction in your taxes compared to a deduction, which just lowers your taxable income.

There are multiple ways to reduce your tax bill to help you and your business save and function more efficiently.

Tax Bracket Stuffing

Our professionals help you understand when and how to report your income and expenditures so you are maximizing your tax deductions. We’ll make sure you’re using each tax bracket to its optimum use to help you avoid or limit surprises like the 3.9% net investment income tax.

estate tax reduction strategies

Our comprehensive knowledge of the tax code can help you minimize and more importantly avoid conflicts with the IRS, and your state tax agency.

Capital Expenditures

When you acquire fixed assets like lands, buildings, or equipment, you are able to expense these assets over their useful life through depreciation. This can be anywhere from 5 years to 27 years. However, there are ways to accelerate this phantom expense to further reduce your taxes.  

Working with our professional advisors we’ll help you accelerate your deductions and make better business decisions in concert with your personal taxes.

tax efficient investing in retirement

What are the Key Components of Effective Tax Deduction Strategies?

1. Personal exemption
The personal exemption is a fixed amount deducted from your personal income. So, you can claim an exemption for yourself and every dependent you claim (including a spouse).
2. Standard deduction
Consider the standard deduction an alternative if you don’t want to itemize your deductions by filling out a Schedule A.

The standard deduction decreases your income by $27,700 if you are married and filing jointly for 2023. Other different deduction amounts depend on the filing status.
3. Charitable contributions
Charitable contributions can be deducted from your income, including money and goods donated and even mileage you travel for charity. Consider a Charitable Remainder Trust strategy if you have highly appreciated assets like real estate or founder’s stock that you’d like to avoid paying capital gains tax while receiving an income stream.
4. Qualified Charitable Distribution (QCD) from your IRA
Are you over 70.5 and charitably inclined? Donating to your favorite charity directly from your IRA, will maximize your tax savings if your itemized deductions are below the $27,700 standard deduction limit (married filing jointly) for 2023. Think about it, a $5,000 donation from your personal savings will get you a zero tax deduction if your itemized deductions are less than $27,700. However, using a QCD from your IRA the charity gets 100% of the money and you pay no taxes from your IRA distribution!
5. Tax-advantaged account contributions
You can deduct the amount you contribute to tax-free accounts from your income while saving for a better future. That way, if you pay into a Traditional IRA, 401(k), or HSA, you can get a deduction.

Who Is It For?

High-income earners

Many of our tax strategies work best with high-income earners to minimize their liability and maximize their wealth in compliance with the current taxation laws.


We offer planning services for retired individuals or investors seeking reliable retirement tax-saving opportunities in Oregon.

Business owners and entrepreneurs

Our team also provides business tax reduction strategies for business owners and entrepreneurs seeking thorough financial planning with personalized reduction strategies.

tax reduction strategies for high incomes

Our Process

Step 1 – Collecting information

We will collect your client information to ensure we have the necessary financial and tax data to make an appropriate analysis. This may include data on your family members, including their current year income, expenses, assets, and liabilities.

Step 2 – Choosing strategies

After collecting relevant information to identify your unique situation, we would employ our team’s experience and expertise to choose the appropriate ways to save on income tax and more.

Step 3 – Tax savings report

Then, we will prepare a report detailing the savings from implementing the selected taxation strategies. The report will also contain a high-level overview on how each strategy works and the implications for you from a tax savings standpoint.

Step 4 – Discussion and implementation

Here, we will explain and discuss the taxation savings report and implementation process so you understand the possibilities. We will only continue with the strategy implementation if you agree and choose to proceed.

Why Choose Us?

Here are some reasons why you should hire interactive Wealth Advisors for taxation reduction strategies in Oregon.

Maximize Your Tax Deduction

Our professional advisors deliver best tax deductions for high earners, to help you maximize your deductions and save more money by ensuring that all tax credits are deducted from your tax bill.

We use the most advanced tax planning strategies for high-income individuals and high net worth clients that are in compliance with tax laws, allowing transparency with the IRS and other state taxing authorities. We will fully vet these strategies with your CPA so everyone is on the same page.

Reduce Errors

We understand that the taxation is often complicated and tedious for those that are unfamiliar with the nuances. Our experts work on high net worth tax strategies, so you will have a clear understanding, and be completely comfortable with all our tax saving strategies so you can make an informed decision. 

income tax reduction strategies

Experts in Tax Planning

Our professionals at Interactive Wealth Advisors research your current financial situation and develop a strategic plan to minimize taxes today and in retirement while maximizing your long-term financial wellbeing.

Service Excellence

With our unwavering need for excellence, we provide high-quality professional services tailored to meet the unique needs of our clients.

Our retirement tax advisors offer valuable insight and practical solutions and build long-lasting business relationships with clients.

Planning for the sale of a closely held business

Frequently Asked Questions

Is it Worth Getting a Tax Advisor?


Getting a tax advisor is worth it!

With a professional, you can take the taxation issues off your shoulders and focus on your core business goals and objectives.

What are the Benefits of Hiring a Professional Tax Planning and Consulting Firm?

A professional tax planning and consulting firm is different from your CPA. We don’t file 1040’s or 1120’s like your CPA. Our focus is on planning your future tax liability and how to legally minimize that tax as much as possible.

Your CPA does a wonderful job making sure you’re in compliance with what happened last year. Our job is to look into the future based on events that we’re expecting to happen like the sale of a business or real estate that could push your tax burden north of 40% if not planned properly.

How Do You Choose a Tax Advisor?

With the plethora of advisors, including retirement tax planning advisors, you should follow these steps to ensure you choose the best.
  • Vet your advisor
  • Prioritize their tax planning experience
  • Focused on those whose team has done over 100 cases
  • Choose an advisor who is a fiduciary and also a certified financial planner professional
  • Ensure that you’re clear on the fee structure
Interactive Wealth Advisors is a Registered Investment Advisory firm in the State of Oregon and Washington. The Adviser may not transact business in states where it is not appropriately registered, excluded or exempted from registration. Individualized responses to persons that involve either the effecting of transaction in securities, or the rendering of personalized investment advice for compensation, will not be made without registration or exemption.
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