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Parental Support By Sylvia Porter Tax Strategies 1965 66
Cash basis taxpayers can shift income and deductions between 1965 and 1966. Postpone yearend work or account for installment sales to minimize 1965 taxes and move income to 1966. Pay deductible expenses in 1965, prepay 1965 for 1966 items, and buy equipment before year end to gain investment credits and first year depreciation. Tomorrow: Parents and estimated tax.
MENTIONED IN THIS ARTICLE
Sylvia Porter
Treasury
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