CHAPTER 11

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.”

ABRAHAM LINCOLN

“The reward of energy, enterprise, and thrift is taxes.”

WILLIAM FEATHER

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 ...

Get How to Pay Zero Taxes, 2018: Your Guide to Every Tax Break the IRS Allows, 35th Edition now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.