We can help get you through the coming Tax-apocalypse…
…First the Bad News:
…And now the GOOD NEWS
For for those making Greater Than $250,000 per year, consider the following general tax planning strategies:
- Potentially accelerate taxable income.
- Evaluate proper year for itemized deductions due to 2013 reintroduction of Sch A limits
- Maximizing Retirement plan deductions
- Evaluate your entity type for tax efficiency
- Evaluate estate and gift tax planning
For more Tax Tips & Strategies, Download our FREE Tax Planning Strategies Report HERE
Keep in mind not all tax strategies are applicable to everyone. For your own personalized Tax Plan for 2012-2013 tailored specifically to your needs contact us at (855)-Converj (266-8375).
For those making LESS than $250,000 per year, consider the following general tax planning strategies:
- Defer income into 2013
- Accelerate deductions into 2012
- Pay expenses with credit cards to claim deductions in the current year without immediate use of cash (and earn reward points too)
- Time capital asset / equipment purchases to use 2012 rules for bonus depreciation and IRC Sec. 179 deductions
- Analyze “Passive” activity to see if “Active” status can be claimed
- Evaluate the long-term cost-vs-benefits of C-Corp vs. S-Corp vs. LLC structure in light of changing tax laws
- Time charitable contributions, including donations of appreciated securities
For more Tax Tips & Strategies, Download our FREE Tax Planning Strategies Report HERE
Keep in mind not all tax strategies are applicable to everyone. For your own personalized Tax Plan for 2012-2013 tailored specifically to your needs contact us at (855)-Converj (266-8375).