Tips for Yearend Tax Planning

Consider a few new wrinkles when preparing your 2008 returns. A CPA offers practical tips on depreciation, vehicle costs, and other items

The conventional wisdom on yearend tax planning is to accelerate deductions and defer income. But 2008 may be the year conventional wisdom gets upended. CPA Michael Hanley, of Merl & Hanley in Smithtown, N.Y. offers seven tips to keep in mind over the next six weeks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.