Accelerated tax reduction platform

A method for reducing a tax burden comprising:

• collecting taxpayer information using a uniform series of questions;
• developing a tax strategy using the collecting taxpayer information to determine an estimated tax;
• facilitating implementation of the tax strategy;
• reviewing results of the implemented tax strategy;
• and
• determining whether to update the tax strategy based on the reviewed results.

A method for reducing a tax burden comprising:

• collecting taxpayer information;
• processing the collected information to determine a suggested tax strategy;
• implementing the suggested tax strategy;
• reviewing result of the implemented tax strategy for changes in at least one of taxpayer circumstances and tax laws;
• and
• determining whether to update the tax strategy based on the reviewed results.

A computer program product for recommending one or more business entities for utilization by a taxpayer based on inputted taxpayer information, the computer program product comprising machine readable code stored on a tangible medium, wherein the machine readable code comprises code for:

• considering potential tax deductions of a taxpayer's expenses and deductible benefits that may be provided by a business owned by the taxpayer;
• and
• determining a first tax rate for the business as a flow through entity and a second tax rate for the business as a C corporation. considering an exit strategy for exiting the business;
• and.