Why defer your income into 2012 this year?

certified public accountant bend or, tax preparation and planning bend or, small business support bend or, analytical assistance bend or, 1031 exchanges bend or, financial planning bend or, retirement planning bend or• Deferring income into 2012 is an especially good idea for taxpayers who anticipate being in a lower tax bracket next year, generally because of much-reduced income or much-increased deductible expenses. You many consider deferring the sale of investments, receiving bonuses or exercising stock options.

• It may pay to accelerate income into 2011 if you think your marginal tax rate will be much lower this year than it will be next year.