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Old 04-03-2018, 06:24 PM
Boomer Boomer is offline
Soaring Parsley
Join Date: Nov 2007
Posts: 3,697

Speaking of taxes:

Along with our 2017 tax preparation, our accountant included a "Tax Reform Impact Summary."

This shows what our taxes would have been for 2017 had the new tax "cuts" been in effect and applied to the 2017 same, exact numbers. (simply an academic dry run -- just an "as if" with clear disclaimers in the intro) It cannot be an actual forecast. It can apply only what is known currently.

You might want to ask your accountant if the program used can run a "Tax Reform Impact Summary" to see if taxes would have been lower or higher for your 2017 return had the tax "cuts" been in effect -- or you might not want to know.

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