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News You Can Use: November 2018

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Sandy Botkin

Co-founder at Taxbot
Sandy is a CPA, Tax Attorney, and former IRS trainer. He has authored many helpful books on the subject of taxes, including 7 Simple Ways to Legally Avoid Paying Taxes ( Click Here ), Lower Your Taxes: Big Time ( Click Here ), and Real Estate Tax Secrets of the Rich ( Click Here ).
Sandy Botkin
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If you are thinking of getting a divorce, consider wrapping it up this year. Alimony payments made in 2018 are deductible. However, any alimony payment made after 2018 are NOT deductible. Yuck!!

Even better, avoid all alimony next year and opt for a larger property settlement.


Other interesting news, It looks like there will be no further tax reform this year (2018), with the control of the House and Senate split. Frankly, although you may have liked a further tax cut, the HUGE deficit is making me very uneasy and may well create unsolvable problems for our country in the future. I am really worried about the economic future for our kids and grand kids as a result of this huge deficit.


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Sandy Botkin

Sandy is a CPA, Tax Attorney, and former IRS trainer. He has authored many helpful books on the subject of taxes, including 7 Simple Ways to Legally Avoid Paying Taxes ( Click Here ), Lower Your Taxes: Big Time ( Click Here ), and Real Estate Tax Secrets of the Rich ( Click Here ).

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