2009 Year-end Tax Planning

2009 Year-end Tax Planning by Jeffery E. Richards, CPA, MST, CVA
Principal, Bacall & Conniff
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Now that we are nine months into the year, you should have a fairly good idea of what your taxable income will be for the year. Since none of us like to pay taxes, there are some tax planning opportunities that can be taken to reduce your tax bill for 2009. The American Recovery and Reinvestment Act of 2009 extended several depreciation deductions that can result in significant tax savings.