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

[Paul Napolitano]

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
Cell:      516-524-9200
Fax:       516-864-0010
JBritvan at RealBrokers.org
http://www.commercialrealtyofLI.com
http://www.commercialrealtyconsult.com   
 
From: Fredslist [mailto: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
(c) 917-370-3369
 
sz at susanzinder.com 
www.susanzinder.com  

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