Questions For Your Tax
Do you know what questions to ask your
accountant this year when you meet with him to work on
your tax return?
There are several important things to discuss with your
accountant that could lower your taxes or eliminate or reduce
taxes on your Social Security as well as possibly increasing
your rate of return and increasing your safety on your
Do you use all or part of your line 8
interest income to live on?
How much would you have to reduce your
income to stop or lower taxation on your Social Security
Are you taking the proper minimum
distribution on your IRA or other qualified plan if you are
over age 70 1/2?
Do you have phantom income from mutual
Are you aware of the formula that
determines how much of your Social Security will be
Were you aware that tax free municipal
bond income is used in the calculation to determine how
much of your Social Security will be taxed?
Do you know what solutions are
available to help reduce taxation of your interest income
or Social Security?
Do you know how to increase the rate of
return on your safe or emergency money?
Were you aware that millions of
Americans have legally reduced or eliminated taxation on
their interest and or Social Security income?
These are just a few of the questions
that need to be discussed before meeting with your accountant