Blog Post 2019 Year End Tax Planning Update
2019 Year End Tax Planning Update
Over 2018 and 2019, tax professionals have been grappling with the new
landscape of taxation under the Tax Cuts and Jobs Act. Laptop batteries have
drained, reams of paper have been used, and eyes have gone dry all across the
country in researching ways to help clients maximize their tax savings.
As was said last year, many of the old strategies for advising clients at year-end
have been blunted by the landmark tax reform act. However, there are still
numerous steps to take in late 2019 and early 2020 to boost the refund, or reduce
the amount due, on returns filed in 2020. Many of the classic deferral and
acceleration tactics can still produce results, but in new and different ways.