2016 Year-End Tax Planning Guide from Moss Adams
The calendar year is quickly coming to a close, but there’s still time to take some key actions before year-end—and beyond—that can significantly reduce your 2016 liability. In Moss Adams’ annual year-end tax planning guide, they cover key opportunities and developments that individuals, businesses, and business owners need to be aware of going into 2017. Also, some federal tax due dates have changed, particularly for corporations and partnerships.
While it can be tempting to put off thinking about taxes until the last minute, some of the tactics discussed here take time to implement, and your window of opportunity grows smaller as the tax year-end approaches.
In addition to referencing this guide during tax planning season, it can also be a helpful year-round tool. Staying actively involved in these and other underlying areas of tax planning will keep you in a position to preserve and create longer-term wealth for yourself and your family.
Finally, the strategies discussed in this guide are based on current federal tax law. State taxes should also be considered since the tax laws of many states differ from federal tax laws.
Click here to start saving on your taxes now: http://www.mossadams.com/articles/2016/november/2016-year-end-tax-guide