Last-Minute Tax Planning
“Potius sero quam numquam.” (Better late than never.)
TITUS LIVIUS, 59 B.C.–A.D. 17
“You cannot help the poor by destroying the rich. You cannot lift the wage earner by pulling down the wage payer.”
“The reward of energy, enterprise, and thrift is taxes.”
While effective tax planning is basically a year-round proposition, certain techniques are still available even if you buy this book during the last week in December. This chapter will explain those last-minute tax strategies that can help you reduce your overall tax burden.
172 Defer Taxes
Certain kinds of investments allow you to postpone paying taxes from the year in which the income is earned to a later year. At that ...