Rajesh Patel

HighIn reviewProspect

Schedule CHNWMarried filing jointlyMAJulian RhoQuarterlyReturn missing

Est. current income

$520,000

vs $465,000 prior year

Effective rate

24.5%

Marginal bracket

32%

Dec 31 hard stops

Rajesh Patel

2026 Year-End Planning Summary

Dec 31 stops

~$218,957+ of federal tax addressed across 19 opportunities.

Est. income

$520,000

vs $465,000

Effective rate

24.5%

Marginal

32%

Key changes

flagged

What the plan contributes

Each move as a range, stepping down from the current-path liability.

$127,400

Current path

Fund a SEP-IRA or solo 401(k) in a peak-income year
$22,400
Section 179 / 100% bonus depreciation on asset purchases
$17,100–$45,600
AMT exposure timing — accelerating and deferring around a minimum-tax year, and the private-activity bond preference
$9,000–$85,000
Standard vs. itemized deduction optimization and multi-year bunching
$2,000–$30,000
Donor-advised fund contribution of appreciated stock
enables the above
Defined-benefit / cash-balance plan for a high-income owner
$100,000–$300,000
Annual-exclusion gifting and lifetime-exemption use
$38,000
§199A QBI optimization — threshold management, aggregation & the SSTB line
$26,624–$31,616
S-corporation election to reduce self-employment tax
$10,530
Max-fund the HSA for the triple tax benefit
$1,408
Additional Medicare tax (§3101(b)(2)) — the withholding mismatch and the timing levers
$1,215–$3,645
Q4 estimated payment to cure underpayment exposure
$1,200–$1,350
Home-office deduction for the self-employed
$480
Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding
$1,500–$12,000
Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))
$1,000–$6,000
Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income
enables the above
First-employee setup — payroll, withholding, and credits
enables the above
Exit / succession planning for a contemplated business sale
enables the above
Market-based sourcing — where a multi-state service business's revenue actually gets taxed
enables the above

Addressed by the plan

14 of 19 quantified · 5 enable the rest without a separate figure

$232,457–$588,029

leaves $0–$0

1. Current-Year Action Items

Time-sensitive moves before December 31.

2. Long-Term Opportunities

Multi-year planning to revisit beyond this season.

Elan

Grounded on Rajesh Patel

I flagged 1 thing for Rajesh Patel.

Elan brought this to you

Rajesh Patel

Rajesh Patel

What the plan contributes

1. Current-Year Action Items

Fund a SEP-IRA or solo 401(k) in a peak-income year

Section 179 / 100% bonus depreciation on asset purchases

AMT exposure timing — accelerating and deferring around a minimum-tax year, and the private-activity bond preference

Standard vs. itemized deduction optimization and multi-year bunching

Donor-advised fund contribution of appreciated stock

Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding

Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))

Defined-benefit / cash-balance plan for a high-income owner

§199A QBI optimization — threshold management, aggregation & the SSTB line

S-corporation election to reduce self-employment tax

Max-fund the HSA for the triple tax benefit

Additional Medicare tax (§3101(b)(2)) — the withholding mismatch and the timing levers

Q4 estimated payment to cure underpayment exposure

Home-office deduction for the self-employed

First-employee setup — payroll, withholding, and credits

Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income

Market-based sourcing — where a multi-state service business's revenue actually gets taxed

2. Long-Term Opportunities

Annual-exclusion gifting and lifetime-exemption use

Exit / succession planning for a contemplated business sale

Rajesh Patel

Rajesh Patel

What the plan contributes

1. Current-Year Action Items

Fund a SEP-IRA or solo 401(k) in a peak-income year

Section 179 / 100% bonus depreciation on asset purchases

AMT exposure timing — accelerating and deferring around a minimum-tax year, and the private-activity bond preference

Standard vs. itemized deduction optimization and multi-year bunching

Donor-advised fund contribution of appreciated stock

Filing-status planning — MFJ vs. MFS, HOH qualification, newlywed withholding

Medical expense bunching and the OBBBA gambling-loss limitation (§165(d))

Defined-benefit / cash-balance plan for a high-income owner

§199A QBI optimization — threshold management, aggregation & the SSTB line

S-corporation election to reduce self-employment tax

Max-fund the HSA for the triple tax benefit

Additional Medicare tax (§3101(b)(2)) — the withholding mismatch and the timing levers

Q4 estimated payment to cure underpayment exposure

Home-office deduction for the self-employed

First-employee setup — payroll, withholding, and credits

Crowdfunding and creator-economy proceeds — characterizing rewards, gifts, debt, equity, and barter income

Market-based sourcing — where a multi-state service business's revenue actually gets taxed

2. Long-Term Opportunities

Annual-exclusion gifting and lifetime-exemption use

Exit / succession planning for a contemplated business sale