Playing the New Tax Game

Consumers scramble to take advantage of loopholes before they disappear

Memo to: Mr. and Mrs. Joe Taxpayer

From: Alert Accountants, Inc.

Re: Things to hurry up and do before the new tax code goes into effect

1) Buy a brand-new station wagon. 2) Sell off your shares in Conglomerate Corp. 3) Give a generous donation to Ivy University. 4) Apply for a home- equity loan to pay for the new boat. 5) Take a trip to an investment seminar in Hawaii and deduct it as a business expense. 6) Schedule Joe's long- postponed gall-bladder operation. 7) Pay business expenses (like your accountant's fee) a year in advance so you can write...

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