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As we approach the end of the year, it is important to discuss our tax situation. There are steps you can take now to reduce your tax liability that you cannot take once the year ends. Moshe shares some of these strategies as well as some general tax strategies that you should be implementing all year. Did you know that attorneys are in a special group of people that stand to lose their QBI deduction (a reduction of 20% of income before calculating tax liability)? Listen to this episode to see how you can avoid this tax cliff.
Shownotes can be found at https://www.profitwithlaw.com/051
