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Nancy Kahn

http://www.concannonmiller.com/our-organization/our-people/nancy-kahn
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Recent Posts

U.S. Manufacturers Should All Be Receiving This Tax Deduction

Posted by Nancy Kahn on Wed, Jun 29, 2016

Made in the U.S.A. is a great mantra, and for many manufacturers it’s an easy one – it makes sense to have your main facility stateside.

Well, did you know you can get a tax deduction just for producing products in the United States? The Domestic Production Activities Deduction allows businesses to take deductions on the production of property you manufacture, produce, grow or extract in whole or in significant part in the United States.

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Topics: Manufacturing

Year End Tax Tip: Defer Personal Income and Accelerate Deductible Expenses

Posted by Nancy Kahn on Mon, Dec 14, 2015

We wrote last week about the option of deferring business income as a way to save on taxes if you expect to be in the same or a lower tax bracket next year.

Well if you’re self-employed, you can also use that tactic to save on your personal taxes.

You hopefully worked hard all year to make this one of your best years. You are diligent with billing your customers as soon as possible so that the cash flow is there for future needs.

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Topics: Individual tax planning

Year End Tax Tip: Sell Underperforming Stocks for Tax Savings

Posted by Nancy Kahn on Thu, Dec 10, 2015

Still beating yourself up with that investment you made in that great company you read about? Perhaps now is the time to have it work for you.

Consider selling any underperforming stocks in taxable accounts before year end to offset it against other gains you may have made in other investments. 

You can deduct capital losses up to $3,000 (or $1,500 if you are married and filing separately) against ordinary income. This will lower your taxable income and make you feel better about a not-so-great investment. 

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Topics: Individual tax planning

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