
Year End Tax Angles for 2004 is a 34 page (8.5. x 11) review of the legal ways that taxpayers can save taxes by deferring income and speeding up business and/or personal deductions. It also describes situations where it may be more profitable to do the reverse. The report discusses income taxes, social security and self employment tax and gift taxes.
Shifting gains on assets to lower bracket dependents provides permanent tax savings. For the tax novice, the report includes an explanation of the concept of marginal tax rates. The Appendix provides a table of the individual income tax rates for 2004 plus links to Internet resources for year end tax planning.
Year end tax planning must also deal with the potential trap of the alternative minimum tax and with various other common tax traps for the unwary, which are discussed in this report.
A printed copy of this report is available for $18 plus $5 for shipping via USPS Priority mail in the USA.
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