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Michael Gray, CPA's Real Estate Tax Letter

November 17, 2017

© 2017 by Michael C. Gray
ISSN 1930-0387

A monthly report focusing on tax issues for the homeowner and real estate investor.

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The year will soon be over. Will you be ready?

It's time for year end tax planning. With the holidays, Michael Gray's availability will be limited. Call Dawn Siemer weekday mornings at 408-918-3162 to schedule your year-end tax planning appointment now.

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First real estate tax payment due date is December 10.

Remember to make your first real estate tax payment by December 10 to avoid a nasty penalty. Some people like to pay the full amount to accelerate the tax deduction for the second installment. Before doing so, check whether you are subject to the alternative minimum tax for 2016, which eliminates the tax benefit.

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How will real estate be affected by tax reform

There are a number of proposals affecting real estate in the Tax and Jobs Act now before Congress. The legislation is still being negotiated. Congress hopes to pass the legislation by the end of 2017, but it's questionable whether they will be able to get enough Republican Representatives and Senators to support it to pass it. (No Democrats are expected to vote in favor of the legislation.)

Here are a few highlights. Most of the provisions would be effective for tax years beginning after December 31, 2107.

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Please share your good experiences with Michael Gray, CPA.

As you know, more and more people are going to the internet to find information about service providers. We hope you will share some good words about experiences that you have had with our firm. Some of the sites where you can share your experiences include yelp.com, siliconvalley.citysearch.com, and Google+.

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Financial Insider Weekly past episodes

After eight years of production, I have discontinued producing new interviews for Financial Insider Weekly. Doing the show has been a rewarding experience and I consider back episodes to be my legacy of financial literacy education to our community. Back episodes are now on our home page at www.financialinsiderweekly.com.

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Michael Gray regrets he can no longer personally answer email questions. He will answer selected questions in this newsletter. Write mgray@taxtrimmers.com.


Follow me on Twitter, Facebook, LinkedIn and Google+!

If you enjoy Twitter, please follow me at www.twitter.com/michaelgraycpa. I would especially appreciate retweets of our messages announcing episodes of Financial Insider Weekly.

you can also follow me on other social media sites, Facebook, LinkedIn, and Google+.

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If you have employee stock options, have you subscribed to Michael Gray, CPA's Option Alert at no charge or obligation?

To learn more, visit stockoptionadvisors.com/subscribe.shtml

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Check out my blog.

I have also started a blog at michaelgraycpa.com. Check it out!

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Do you know about our other newsletters?

For general tax developments, tax planning ideas, business development ideas and book reviews, subscribe to Michael Gray, CPA's Tax & Business Insight at taxtrimmers.com/subscribe2.shtml.

Have employee stock options? Subscribe to our free newsletter, Michael Gray, CPA's Option Alert! To learn more, visit stockoptionadvisors.com/subscribe.shtml.

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Subscribe to the Real Estate Tax Letter

Did you find this newsletter helpful? If so, subscribe now!

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Looking for more free real estate tax advice? Visit our real estate investing tax site at Realestateinvestingtax.com.


Michael Gray, CPA
2190 Stokes St. Ste. 102
San Jose, CA 95128
(408) 918-3162
FAX: (408) 998-2766
Hours: 8am - 5pm PDT Monday - Friday

Subscribe to
Michael Gray, CPA's
Real Estate Tax Letter!

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