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As a mortgage banker for the last 40 years, I have analyzed thousands of tax returns and have seen this technique used countless times. It doesn't save the taxpayer much, but it does give them a tax deduction this year rather than next and that makes the procedure popular.
I don't think the IRS will ever have a problem with it and the cities and towns shouldn't complain about getting paid faster either, regardless as to the new limitations. They won't effect the vast majority.
Happy 2018 everyone.
Rick Corrente
Bankers Mortgage Corp.
The Taxpayers Mayor
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