[Fredslist] Prepay 2018 taxes??? Maybe, maybe not

[Gideon Schein]

There is a lot of conversation about this issue. The most recent edict
produced by the IRS is that you need to have received an actual assessment
of your 2018 taxes in order for it to be paid in 2017 for 2018 otherwise it
might not count. Lots of confusion.

On Dec 28, 2017 10:27 AM, "Paul Napolitano" <paul at twosonsenv.com> wrote:

> VERY helpful Jack! Thanks!
>
> For those who are not sure what this means, it is a list of the Oyster Bay
> town tax roll. It is published and it is current. It shows your 2018 tax
> liability. Because of the above, it means that you can pay it now in 2017
> and (according to what I have read) it should therefore be deductible on
> your 2017 taxes.
>
> Paul Napolitano
> President
> Two Sons Environmental, LLC
> Critter Cleanup NY, LLC
>
> On Dec 27, 2017, at 6:13 PM, Jack Britvan <jbritvan at realbrokers.org>
> wrote:
>
> The Town of Oyster Bay has put their 2018 taxes on line….
> http://bit.LY/2DT8FNV
>
>
>
> *Sincerely,*
>
> *Jack Britvan, SIOR*
>
> President
>
> Commercial Realty Services of Long Island Inc.
>
> 100 Jericho Quadrangle
>
> Suite 142
>
> Jericho N.Y. 11753
>
> Direct:  516-864-0011 <(516)%20864-0011>
>
> Cell:      516-524-9200 <(516)%20524-9200>
>
> Fax:       516-864-0010 <(516)%20864-0010>
>
> JBritvan at RealBrokers.org
>
> http://www.commercialrealtyofLI.com <http://www.commercialrealtyofli.com/>
>
> http://www.commercialrealtyconsult.com
>
>
>
> *From:* Fredslist [mailto:fredslist-bounces at gothamnetworking.com
> <fredslist-bounces at gothamnetworking.com>] *On Behalf Of *Susan Zinder
> *Sent:* Wednesday, December 27, 2017 6:00 PM
> *To:* Fredslist
> *Subject:* [Fredslist] Prepay 2018 taxes??? Maybe, maybe not
>
>
>
> Gotham –
>
>
>
> To all my fellow NY and NJ Gothamites who were considering prepaying their
> state and local taxes to deal with the loss of the deduction, the
> Washington Post is reporting that you may not be able to accomplish what
> you want to.
>
>
>
> According to the Post (see link to article below), the IRS is saying you
> will only be able to do so if you have a notice from your local taxing
> authority as to how much you will owe in taxes. According to the Post, you
> will only be able to get the deduction for 2018 taxes that you pay in 2017 "if
> the local tax authority has notified homeowners prior to 2018 of how much
> they owe in property taxes, known as a tax assessment”
>
>
>
> They confirm that this is developing but heads up -
>
>
>
> Susan
>
>
>
> https://www.washingtonpost.com/news/business/wp/2017/12/
> 27/irs-says-taxpayers-trying-to-use-deduction-that-will-be-
> scaled-back-can-prepay-2018-property-taxes-only-under-
> limited-circumstances/?hpid=hp_hp-top-table-main_irs-
> 535pm%3Ahomepage%2Fstory&utm_term=.029271c4f767
>
>
>
> *Susan Zinder*
>
>
>
> *(o) 646-380-6715 <(646)%20380-6715>*
>
> *(c) 917-370-3369 <(917)%20370-3369>*
>
>
>
> *sz at susanzinder.com <sz at susanzinder.com> *
>
> *www.susanzinder.com <http://www.susanzinder.com> *
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