NEW TAX LAW UPDATE
The new tax law will impact each and every one of our clients. The tax law changes are for 2018, not 2017. The return we will prepare in a few months will look like prior years.
The 2018 rules appear to limit the total sales/real estate tax deduction to $10K. If you do not escrow your real estate taxes, please pay the property taxes on your residence (and 2″d home) by 12/31/2017.
It will be months before many aspects of the tax changes are clear. We will analyze the impact of the changes on you once we have prepared your 2017 return.