Tuesdays With Morey - Tax Tips®

In this episode, Morey and Macarena share important end-of-the-year tax tips for expatriates and soon-to-be expatriates. There is also important year-end tax advice for small business owners, regarding the purchase of office equipment and supplies. Get important tax strategies from experienced lifestyle planners.   Key Takeaways: [:51] Many important financial decisions need to be made before December 31, 2016. [2:04] No one knows what tax changes will take place under the Trump administration. [2:24] If taxes are cut, the savings can be used for advertising and personal care products. [3:57] Politicians are all the same, and Morey doesn’t approve. [5:37] Go buy office equipment, furniture, and supplies, before the end of 2016. [7:21] No one knows what 2017 tax laws and rates will be. [7:49] Deferring income should be done on January 1st, instead of December 31st. [8:48] An experienced tax professional should be consulted. [10:14] Americans living in Belize are unaware they had to file a tax return. [11:41] P