Year-end is literally days away, but there’s still time to reduce your 2015 tax liability as long as you take action by December 31. Consider these strategies:
In certain situations, these strategies might not make sense. For example, if you’ll be subject to the alternative minimum tax this year or be in a higher tax bracket next year, taking some of these steps could have undesirable results.
If you’re unsure if these strategies are right for your tax situation, contact us.
Hal Zemel, a Tax Principal at Berdon LLP, has more than 20 years in public accounting and advises businesses in the real estate, service, and manufacturing sectors.