Many taxpayers are rushing to prepay their 2018 property tax ahead of the 2018 tax year. The IRS has pointed out an important hurdle for them, however: “A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017,” it warned. “State or local law determines whether and when a property tax is assessed, which is generally when the taxpayer becomes liable for the property tax imposed.”
"An Enrolled Agent is a person who has earned the privilege of representing taxpayers before the Internal Revenue Service by passing a three-part comprehensive IRS exam covering individual and business tax returns. Enrolled Agent status is the highest credential the IRS awards. Individuals who obtain this elite status must adhere to strict ethical standards and complete a minimum of 72 hours of continuing education courses every three years."