MONEY talks. Year-end Tax Planning (Part 2)

Jones, Daniel C.
December 2010
PN;Dec2010, Vol. 64 Issue 12, p65
Trade Publication
The article offers information on the benefits and strategies of year-end tax planning. It states that year-end tax planning allows to control the method and timing in reporting income and deductions. It mentions that tax installment payment during December instead of January accelerate deductions for the said year and postponed next year's income. It also discusses the ways on how to accelerate deductions and postpone income as well as accelerating income and deferring deductions.


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