The Difference
The Value of the Enrolled Agent (EA) Designation
The Enrolled Agent designation, granted by the IRS, establishes Philip Proulx as a federally licensed tax practitioner. This unique position allows him to provide a truly integrated approach to wealth management.
Holistic View: Phil Proulx possesses knowledge in the rules and regulations governing both Federal and State tax codes, which directly impact investment and withdrawal strategies.
Tax Planning vs. Tax Preparation: Philip goes beyond simple year-end filing. He is equipped to perform proactive tax planning throughout the year, anticipating future liabilities and positioning clients for better long-term outcomes.
Integration into the Planning Process
The tax expertise of Phil Proulx is woven directly into the core planning steps, providing deeper analysis and more comprehensive solutions:
Planning Step
Tax Integration Focus (The "How")
Assessment & Discovery
Conduct a detailed tax-loss harvesting review and analyze the current tax status of all retirement, brokerage, and trust accounts (taxable vs. tax-deferred vs. tax-free).
Portfolio Construction
Philip designs portfolios with a focus on tax-efficient asset location, helping ensure high-growth, ordinary-income-generating investments are held in tax-advantaged accounts where appropriate.
Statistical Analysis & Goal Setting
Phil models future retirement income streams through the lens of marginal tax brackets, evaluating the long-term impact of strategies like Roth conversions or strategic withdrawals from different account types.
Guidance
Provide integrated solutions that include analyzing the financial consequences of major decisions, such as exercising stock options, selling a business, or utilizing gifting strategies, ensuring tax implications are always considered.
Specific Tax Services Highlighted
As the owner of Proulx Family Financial, Phil Proulx can specifically mention the scope of his filing expertise, which complements his wealth practice:
Comprehensive Filing Services: Provision of services for personal (Form 1040) and corporate clients (e.g., S-Corps, C-Corps, Partnerships).
Estate Tax Filing: Experience with filing Massachusetts and Federal Estate Taxes, which is critical for clients with complex wealth transfer needs.
The Enrolled Agent designation, granted by the IRS, establishes Philip Proulx as a federally licensed tax practitioner. This unique position allows him to provide a truly integrated approach to wealth management.
Holistic View: Phil Proulx possesses knowledge in the rules and regulations governing both Federal and State tax codes, which directly impact investment and withdrawal strategies.
Tax Planning vs. Tax Preparation: Philip goes beyond simple year-end filing. He is equipped to perform proactive tax planning throughout the year, anticipating future liabilities and positioning clients for better long-term outcomes.
Integration into the Planning Process
The tax expertise of Phil Proulx is woven directly into the core planning steps, providing deeper analysis and more comprehensive solutions:
Planning Step
Tax Integration Focus (The "How")
Assessment & Discovery
Conduct a detailed tax-loss harvesting review and analyze the current tax status of all retirement, brokerage, and trust accounts (taxable vs. tax-deferred vs. tax-free).
Portfolio Construction
Philip designs portfolios with a focus on tax-efficient asset location, helping ensure high-growth, ordinary-income-generating investments are held in tax-advantaged accounts where appropriate.
Statistical Analysis & Goal Setting
Phil models future retirement income streams through the lens of marginal tax brackets, evaluating the long-term impact of strategies like Roth conversions or strategic withdrawals from different account types.
Guidance
Provide integrated solutions that include analyzing the financial consequences of major decisions, such as exercising stock options, selling a business, or utilizing gifting strategies, ensuring tax implications are always considered.
Specific Tax Services Highlighted
As the owner of Proulx Family Financial, Phil Proulx can specifically mention the scope of his filing expertise, which complements his wealth practice:
Comprehensive Filing Services: Provision of services for personal (Form 1040) and corporate clients (e.g., S-Corps, C-Corps, Partnerships).
Estate Tax Filing: Experience with filing Massachusetts and Federal Estate Taxes, which is critical for clients with complex wealth transfer needs.
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