Tax Resolution and Financial Planning

What role does financial planning play during the tax resolution process? Financial planning is about taking control of your finances and is often defined as the process of meeting life goals through the proper management of your money. The planning process helps people make smart decisions about money and prepare for the demands of the future. More importantly, financial planning is about a better now. Some obvious demands are life's major events: getting an education, buying a home, retiring, providing for your children and even their children. Financial planning also concentrates on day to day concerns such as organizing your finances and preparing for the inevitable surprises that occur in life.

So, how does the financial planning process work when a financial crisis related to a tax problem occurs? Tax resolution is a financial planning challenge that is just as much about replacing ineffective financial behavior patterns of financial decision making with more positive ways of managing money and paying taxes as it is getting rid of the tax problem itself. Therefore, tax resolution planning is a natural fit with the financial planning process.