Accelerate Expenses – Killer IRS Solutions
You may reduce your tax liability, just accelerate expenses in a timely manner.In order to accelerate expenses, you may be able to plan tax payments for state and local taxes, real estate taxes, mortgage interest, margin interest, and charitable contributions.Income from bonuses, real estate sales, other self-employment income and retirement plan distributions may be used to accelerate expense or tax deferral.
Timing Itemized Deductions
You may strategically choose to itemize deductions in order to reduce your taxes. For example, medical expenses are deductible only if they exceed 7.5% of your AGI. You now may consider paying most of your medical expenses in the same year to get a tax deduction.If you are having difficulties determining which expense may be deductible for your tax return, visit our website and help yourself to our FREE ADVICE tab. We offer all the information you may need, so you can handle your tax problem on your own. If you would like professional assistance and need to speak with someone, call us today at 713-774-4467. We’ve been in business over 30 years and we have the knowledge and experience to help anyone in need.