Up-to-the-minute advice, information, resources, and, on occasion, commentary on federal and New Jersey state income taxes, and the various New Jersey property tax rebate programs, and insights and observations on tax policy and professional tax practice, by 40-year veteran tax professional Robert D Flach.
Tuesday, October 4, 2016
YEAR-END TAX PLANNING
time of the year again – time to talk about year-end tax planning.
As I have
been saying every year at this time for decades - Once the ball drops on One
Time Square on New Year’s Eve and 2017 is rung in there is very little that you
can do to reduce your 2016 tax liability.But there is much that can be done during the last two months of the
year to make sure that you pay the absolute least amount of federal and state
income tax possible.
created a 2016 YEAR-END TAX PLANNING GUIDE.This guide discusses in detail what you can do between October 1 and
December 31 to make sure that you pay the absolute least possible amount of
federal and state income tax for 2016.
MOST IMPORTANT NUMBER ON YOUR TAX RETURN
TRADITIONAL YEAR-END STRATEGY
GAINS AND LOSSES
PEASE, NIIT, AND THE MEDICARE SURCHARGE
the dreaded ALTERNATIVE MINIMUM TAX
provide compilations of the Inflation and Cost-of-Living Adjustments for
credits, deductions, exclusions, and phase-outs for 2016 and 2017, and include
helpful worksheets.The “What’s New for
2017” compilation will be sent separately when the information becomes
The cost of
this report, sent to you as a “pdf” email attachment, is only $3.00!A print copy send via postal mail is
check or money order for $3.00 or $4.00 payable to TAXES AND ACCOUNTING, INC,
and your email, or postal, address to –