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Recent tax law changes could be costing you plenty!
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Do you know the 3 most important questions you should ask your CPA before you complete another tax return or see another month go by that could be costing you extra tax dollars?
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You need these questions answered now, so you can take full advantage of the new rules while you still have time left in this tax year. Here's just a sampling of the areas to discuss with your accountant and financial representatives.
  1. Not all dividends are taxed at the new lower rates. (Do you know which assets qualify for the new rule?)
  2. How do the new lower capital gains rates effect you? Will you have phantom income that you need to offset by adjusting your investment portfolio now?
  3. How to lower or eliminate your Social Security taxation now!
  4. Is your IRA being penalized and you aren't even aware of it? (One question will answer this for you.)
These questions and several others need to be discussed now, as waiting until next year means maybe paying too much tax this year. Timing is the key to using the new tax laws to your benefit. Don't wait until next spring to find out you "could have done" something to cut your taxes, now.
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P.S. A simple 10 minute review may allow you to dramatically reduce your quarterly tax payments.
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