It's THAT Time Again...!!!

by Dan Jensen

We're nearly to the end of November already, and yes, it's THAT time again!

"Taxes just ahead", cries the conductor. Best intentions of better planning and record keeping that we made in January may or may not have been fulfilled, but one thing is certain, whatever can be done to improve what will end up being the tax amount we pay is best adjusted now, BEFORE THE END OF THE YEAR!

A short chat with your tax adviser between now and the first couple of weeks of December will likely provide you with options to improve what might otherwise prove to be more costly and/or time consuming than necessary.

Tax professionals have recently told us that there were several changes made to the tax code in 2012 & this year. Those changes can be either beneficial if planned for properly, or costly if NOT.

Real estate holdings, beginning with your personal home, and certainly those rentals, investment properties, commercial leases, and so on, all offer valuable avenues of tax sheltering and savings when properly structured and reported.

Again, NOW is a great time to call your tax adviser to learn whether or not you may be able to make some end-of-year savings. (By the way, if you don't have a tax pro yet, give us a call. We know some excellent professionals we can pass on to you.)

Thanksgiving is just days away. We hope yours is filled with family and friends, great food, time together, and more!

Thanks for stopping by.

Your Equity Northwest Properties Team