Tax Planning Now to Prepare for 2017
Important to start Tax Planning Now! Preparation is always the key to success. Start your new year off right!
Tax Planning Now to Prepare for 2017: In this episode, Morey and Macarena share important end-of-the-year tax tips for expatriates and soon-to-be expatriates. There is also important year-end tax advice for small business owners, regarding the purchase of office equipment and supplies. Get important tax strategies from experienced lifestyle planners.
[:51] Many important financial decisions need to be made before December 31, 2016.
[2:04] No one knows what tax changes will take place under the Trump administration.
[2:24] If taxes are cut, the savings can be used for advertising and personal care products.
[3:57] Politicians are all the same, and Morey doesn’t approve.
[5:37] Go buy office equipment, furniture, and supplies, before the end of 2016.
[7:21] No one knows what 2017 tax laws and rates will be.
[7:49] Deferring income should be done on January 1st, instead of December 31st.
[8:48] An experienced tax professional should be consulted.
[10:14] Americans living in Belize are unaware they had to file a tax return.
[11:41] Penalties for not filing tax returns can be huge.
[13:12] You have to be working, to get the $100k exclusion.
Mentioned in This Episode: