Don't miss out on elective benefits

01/2/2011 | Journal of Accountancy

Investments and passive activities are among the areas where taxpayers can benefit from federal elective tax benefits this year. Tax pros should be on the lookout for opportunities for elections on items, such as installment sales of capital gains, U.S. savings bonds and charitable donations involving capital gains property. Taxpayers may also benefit from similar treatments on the state level.

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