When O.E., an anesthesiologist, partnered with Terra Firma for strategic tax planning, his 2024 plan was already positioned to reduce his overall tax burden. But when a $200,000 unexpected partnership bonus hit at the end of the year, O.E. worried that his tax bill would skyrocket.
However, despite the significant increase in income, O.E.’s tax bill in 2024 was still far less than it had been in 2023 – thanks to effective tax planning by the Terra Firma team.
When shown the results, O.E. said “So basically, we made more, but we’re paying less in taxes. I love it. It’s great news. That’s the whole point right there.”Bob shared his appreciation with the member, saying “And you know what I love? You guys trusted us. You trusted that the planning would work, even without seeing it right away. And now we get to say—thank you for that trust. And here’s the reward for it.”
O.E. and his wife were thrilled to have saved more than $200,000 in their first year with Terra Firma and were excited about the future plans that would bring their tax bill down even more.
