As 2017 approaches, taxpayers often hastily attempt to take advantage of popular tax-saving techniques, but “it’s easy to forget about some of the technicalities involved’ and to overlook valuable tax-saving opportunities,” according to Martin Hall, chair of the firm’s private client group, who was quoted in an article in The Wall Street Journal’s Dec. 12 Wealth Management Special Report (subscription required). In particular, Mr. Hall cautions readers not to waste time when donating stocks to charity in the 2016 tax year, as such transactions can take a significant amount of time. Throughout the article, he discusses other ways to avoid common year-end tax mistakes, and notes the tough-to-navigate “gray area” around wash sale rules as something that could trip up even savvy taxpayers.
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.