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RSS FeedGetting Ready for Tax Season |
Oct. 8, 2007
Categorized in: General Information
This last quarter of 2007 still gives us all some time to make some moves to affect the size of the tax check you'll write
come April 2008. I understand that you will be required to provide documentation for any gift to charity with a receipt or
bank record. If there is an organization you wish to support, now is the time to plan for when you wish to strike that
check so you can deduct it this year. Perhaps you have stock that you have been losing money on and thinking of selling.
Speak with your tax advisor on selling now and those losses may balance out other taxable gains you have. I'm sure your
accountant would be pleased to give you a checklist of more ideas to save you tax dollars.
One of my New Year 2007 resolutions was not to wait till year-end to attempt to get my affairs in order. I'll let you know
if I keep that promise!
I hate advice---unless I'm giving it!
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