2019 Year-End Tax Planning for Individuals

The information in BDO publications is dependent on tax policies at the time they are published. The 2020 inflation-adjusted items have since been released. To find the latest information on the 2020 inflation-adjusted items, read Updated 2020 Inflation-Adjusted Items for Individuals’ Tax Planning.

Get ahead of the coming tax season by planning early and making the most of opportunities to defer your annual tax obligations and limit your personal total tax liability.
 
Here are 5 key areas to consider in your personal tax planning this year.

 

 

Your individual income taxes likely comprise one of your largest annual expenses. But just like you consider where to invest your money to reap the greatest returns, you should consider what strategies could help you lower your total tax liability. Our 2019 Year End Tax Letter for Individuals offers helpful strategies and tips for doing just that.

Year-End Tax Planning for Individuals Webinar

This one-hour webinar will identify opportunities for individuals to reduce or defer their annual income tax obligation and limit their total tax liability.

Related Resources

Article

Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities

April 19, 2024
Article

Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities

April 19, 2024

Individuals with substantial business holdings often face complicated estate tax issues, the costs of which can be unexpected and significant. Failing to recognize and plan for these issues may adversely impact the ability of the estate to timely pay any estate tax it owes.

Read More

Article

IRS Grants Limited Relief for Estimated Payments of CAMT Liability

April 17, 2024
Article

IRS Grants Limited Relief for Estimated Payments of CAMT Liability

April 17, 2024

The IRS on April 15 released guidance (Notice 2024-33) providing a waiver of penalties for underpayments of estimated income tax attributable to the corporate alternative minimum tax (CAMT).

Read More

Article

IRS, Treasury Issue Proposed Regulations on Stock Repurchase Excise Tax

April 15, 2024
Article

IRS, Treasury Issue Proposed Regulations on Stock Repurchase Excise Tax

April 15, 2024

The Treasury Department and the IRS on April 9 released two sets of proposed regulations containing guidance on the application and reporting of the corporate excise tax on stock repurchases by some publicly traded corporations. The 1% excise tax, introduced by the Inflation Reduction Act of 2022, generally applies to stock repurchases made after December 31, 2022.

Read More

Article

USTR Seeking Comments on Supply Chain Resilience

April 3, 2024
Article

USTR Seeking Comments on Supply Chain Resilience

April 3, 2024

On March 7, 2024, the Office of the United States Trade Representative (USTR) announced a notice in the Federal Register seeking comments to “inform the development of trade and investment policy initiatives that promote supply chain resilience.” A public hearing will follow.

Read More