End Of Year Tax Planning – Killer IRS Solutions
End Of Year Tax Planning Assistance From Joe Mastriano, CPA!
As important as this topic is, I know very few people who use this method effectively. There is so much that can be done prior to the end of your tax year (usually before December 31st).
You can…
Have your withholding tax increased to make up any shortages of taxes paid during the year. This way you avoid any penalties and interest.
Prepay certain bills so you can take the expense in the current year.
Purposely pay certain bills in January, so you can take the deduction in the following year.
Set up or pay certain retirement plans to lower your tax liability.
Get divorced, you filing status is the status you are on the last day of the year.
For free tax advice for dealing with anything like this, please visit our website by clicking the link below. If you find yourself in need of professional counsel and need to speak with us immediately, call us today at 713-774-4467. With over 30 years of experience, there is nothing we haven’t seen and nothing we can’t handle. Call Joe Mastiano, P.C. for any IRS problem you may be experiencing.