A quick run down of some items that businesses should review prior to the year's end with some appropriate year end info to guide choice making. As well as some items to think about for the upcoming year.

These Deductions End December 31, 2016
These deductions and credits expire at midnight
on December 31, 2016. I don’t think that any will be back – but ???
Those of you who have lost your home due to foreclosure – the exclusion of that debt from your taxable income expires on 12/31/2017 (up to $2million).
Credit for installing energy-efficient windows, geothermal heat pumps and fuel cell property.
Deduction for private mortgage insurance.
Remember – Tax deductions reduce taxable income; their value thus depends on the taxpayer’s marginal tax rate . A credit reduces the tax itself.
Wishing everyone a Happy New Year!
See you in 2017!