You have worked hard all year and now is the last chance you have to start thinking about what you can do to mitigate 2017 tax exposure. Please review the above slides or download this free guide to 2017 year end tax planning, and contact us as soon as possible with any questions you may have.
After you review the 2017 tax planning document, lets start thinking about what 2018 has in store. As of now, our elected officials are grappling with potential changes to our tax code, yet nothing is set in stone nor even assured. We recommend that everyone keep apprised of the results coming out of the House of Representatives and Senate in order to take the proper measures for 2018. If there are changes made to the tax code, we recommend that our clients contact us early in 2018 to start planning accordingly.
If normal tax planning doesn't have enough excitement for you, consider reading our latest blog about taxing cryptocurrencies. For anyone that trades or invests in this asset class (or whatever you want to call it) keep in mind that the IRS just requested information from Coinbase for any user who transacted more than $20,000 from 2013-2015. Expect that in the coming years, these assets will become much more regulated.
Happy holidays!