glasstax
Level 1
12-07-2019
03:02 AM
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My client owes several thousand dollars because of this distribution. Is there anything I can do to decrease the tax owed beyond good tax planning?
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IRonMaN
Level 15
12-07-2019
03:02 AM
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Sure there is, but it depends on how long of a potential prison sentence you and your client are willing to chance. But if you hate prison as much as I do, good tax planning is the answer and it is awfully hard to do once the year is over.
Slava Ukraini!
rbynaker
Level 13
12-07-2019
03:02 AM
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It's too late this year, but next year he could tell the trustee not to write him a check. Personally I wouldn't mind too much paying $3,600 and getting to spend the rest.
