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Property tax statements contain important information. They list the tax (deductible) and special assessments (not deductible). Forms 1098 for mortgage interest need to be entered as printed. The IRS cross checks. Year-end statements from mutual funds showing the transaction detail for the year. Purchase and sale informa-
2013 YEAR-END INCOME TAX PLANNING FOR INDIVIDUALS INTRODUCTION As the end of 2013 approaches, it’s time to consider planning moves that could reduce your 2013 taxes. Year-end planning is particularly important given the rapid pace of tax law changes and the extensive list of current tax breaks scheduled to expire at the end of 2013.
This client letter provides a list of key considerations that your individual clients need to factor in before the end of the year and serves as a starting point for them to contact you as their tax and financial planning adviser.
Planning Letter. Year-End . 2013. Introduction. Tax planning is inherently complex, with the most powerful tax strategies often relying as much on clairvoyance as they do calculations. As 2013 begins to wind down, the need for a crystal ball lessens, and the ability to strategize with more certainty is upon us.
Year-end Tax Planning Letter October 2012 To Our Clients and Friends: As we approach year-end, it’s again time to focus on last-minute moves you can make to save taxes—both on your 2012 return and in future years. To get you started, we’ve included a few money-saving ideas here that you may want to put in action before the end of the year.
There are several things to consider when doing year-end tax planning: taking advantage of expiring tax provisions, deferring income into the following year or accelerating income into the current year, and accelerating expenses into the current year or deferring them into the following year.
8 gru 2023 · Year-End Tax Planning Letter. The end of the year is often an optimal time for tax planning, but you must be careful to avoid potential pitfalls along the way. Notably, any year-end tax strategies you implement should take all the latest tax developments into account.
