Defer Income

By: Martin M. Shenkman, CPA, MBA, JD

A common tax-planning technique near December 31 is to put off recognizing income until the next year. That way, you may not have to pay tax on the income for another full year. Examples of income deferral include delaying the sale of stocks or property until January, selling property on the installment method and not receiving cash until the next year, and so forth.

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