The IRS
issued an advisory that states prepaying 2018 property taxes in 2017 will only
be deductible if the 2018 property taxes were assessed prior to 2018. Thus a
prepayment of anticipated property taxes that have not been assessed prior to
2018 are not deductible in 2017. State and local law determines whether and
when a property tax is assessed, which is generally when the taxpayer becomes
liable for the property tax imposed.
For more
information and examples see the IRS news article IRS Advisory: Prepaid Real Property
Taxes May Be Deductible in 2017 if Assessed and Paid in 2017 on the IRS website.
When you hire the professional tax services in USA, you need not worry about tax filing procedures, as the professionals at this kind of company keep regular vigil on tax laws updates and adopt suitable strategies for completing the task safely.
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