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This newspaper page contains 2 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Nov 01, 1971
Page
31
Sylvia Porter explains how shifting income between years or from one account to another can reduce tax burden and boost after tax returns. The piece outlines common methods, potential pitfalls, and when to consult a financial advisor.
Advice on deferring income and expenses to reduce taxes in 1971 and 1972. Emphasizes postponing certain payments and prepaying state and local taxes where allowed. Warns that many deductions require itemizing and warns against income splitting by family members. Highlights potential gains from bunching income into 1971.
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