possibilities for changing income inclusion timing
As personal tax rates for income levels over $200,000 will be increasing in 2016, many have been considering methods for shifting 2016 income into the 2015 year. Although some of the strategies may be too late, here is a listing of provisions and possibilities that can, in effect, accelerate the year in which income is to be included on a personal tax return.
These strategies may also be used when a taxpayer will be experiencing an otherwise low income year where the lower bracket rates would not be fully utilized.
See Appendix B for a listing of the 2016 top marginal personal tax rates.
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