Tax Accounting

You are a new tax accountant. A potential client would like to meet with you to discuss your tax preparation and planning services. Your question will be this possible scenario:

a young couple, both employed full time, have a child, age 8, and are considering purchasing a home. They would like to wisely save for retirement and their child’s educations.

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Before your meeting, prepare a list of tax opportunities or tax issues to highlight with your potential clients. Choose 3 items from your list of tax opportunities or tax issues and expand on them, preparing a short write up on each item that you will share with potential client.