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Prepayment of 2018 Property Taxes

I have received many questions about the deductibility of prepayment of state and local taxes (to inlcude property taxes). These articles below discuss, why our firm position is they prepayment of 2018 assessments will not generate a deduciton on your 2017 tax returns. 

While it is the firm's desire to recommend good tax strategies to reduce tax exposure, we cannot take that position here, due to the evidence listed below. If you have any questions about this position, please feel free to reach out to our firm: info@betasolutionscpa.com

Journal of Accountancy Article about the Prepayment of 2018 Tax Assessments

IRS Guidance on Prepayment of Property Taxes

PDF Article Showing Discussing Prepayment of Property taxes for 2018