Year-End Tax Planning – Basic Tax Planning Strategies

Year-End Tax Planning – The Basics

With the end of the year it is time to think about year-end tax planning. Tax planning for the end of the year generally focuses on two primary strategies :

  • Income acceleration/deferral such as:
    • Hold/sell appreciated assets such as stocks and bonds
    • Maximize/minimize retirement distributions
    • And more…
  • Acceleration/deferral of deductions and credits such as:
    • Lump itemized deductions into 2013
    • Pay or defer bill payments, such as medical payments
    • And more…

With our tax planning services, we will perform a thorough review of your situation and identify year-end tax planning strategies., please contact us and we will be happy to answer questions about whether tax planning is a good option for you.

Randall Brody is an enrolled agent, licensed by the US Department of the Treasury to represent taxpayers before the IRS for audits, collections and appeals. To attain the enrolled agent designation, candidates must demonstrate expertise in taxation, fulfill continuing education credits and adhere to a stringent code of ethics.

Every effort has been taken to provide the most accurate and honest analysis of the tax information provided in this blog. Please use your discretion before making any decisions based on the information provided. This blog is not intended to be a substitute for seeking professional tax advice based on your individual needs.

Tax Samaritan is a team of Enrolled Agents with over 25 years of experience focusing on U.S. taxation.

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