Intelligence

Need tax experts on lessons learned from return

Reporter: Jeff Brown

Publication: U.S. News & World Report

Contact: iq@fullyvested.com

Deadline: Apr 13, 2017 12:00 pm

I’m looking for tax experts and academics with tips on how to use the 2016 return to find ways to minimize taxes in 2017. I’m thinking of things like avoiding big year-end mutual fund distributions by switching to funds that don’t make them. Or postponing income or accelerating deductions. But I’d like to hear about things that aren’t this obvious. So if one were to comb through a return for things to change to minimize taxes in 2017, what would be the most promising places to look? What are the biggest mistakes people make that cost them too much at tax time? What are the pros and cons of booking tax losses throughout the year rather than waiting until December? What moves can one make now to trim this year’s tax bill? Are there thigns to do iwth employee stock options, medical expenses, potential deductions, switching to funds that pay long-term capital gains rather than interest? Are the financial markets presenting any particular opportunities or hazards these days? Is there anything new in tax rules for 2017? What else should I be asking? Requirements: I prefer responses by email containing usable content and quotes, the source’s contact info, full name, title, firm and location.

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