Are You Missing Valuable Year-End Tax Breaks?

The Pride of Financial Solutions

Are You Missing Valuable Year-End Tax Breaks?

December 31 is approaching fast. And while you many not associate December 31 with taxes, it’s the deadline to take advantage of some of the most valuable planning opportunities. Proactive tax planning is the key to minimizing your tax.

Here’s a quick quiz to see if you need your year-end planning!

This year, did you or will you:

  • Marry or divorce
  • Have a baby or adopt
  • Change jobs or retire
  • Earn income from stock options or employer stock
  • Buy or sell your home
  • Make gifts of more than $14,000 to any one person
  • Start or invest in a new business
  • Close or sell a business
  • Hire contractors or employees for your business
  • Start using your home for business
  • Start using you car for business (other than driving to or from work)
  • Increase or decrease your business income
  • Buy or lease a new car/truck for business
  • Buy or lease business equipment
  • Sell business assets
  • Start receiving IRA or retirement plan distributions
  • Reach age 70.5
  • Buy or sell stocks, bonds or mutual funds
  • Buy, sell or exchange investment real estate

Did you answer “yes” to any of these questions? If so, you can probably profit from year-end tax planning. Call us at 860-490-9741 for a tax analysis. We’ll find mistakes and missed opportunities that may be costing you thousands, and show you how we can fix them.

Sincerely, Steven Bibisi

Kingdom Financial Solutions