Translations from Your Trusted Advisor.
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there's still a narrow window of time before year-end to soften or avoid the impact of crackdowns and to best position yourself for the tax breaks that may be heading your way. Here's a quick rundown of last-minute moves you should think about making.
Nora Tellifson, CPA •
By the time a lot of taxpayers (and their accountants) get around to thinking about taxes, it’s too late to be proactive, and all you can do is close your eyes and write that check! If you take a look at your financial situation now, there are still a lot of moves you can make before the end of the year to improve your tax outcome.
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