Tax Planning
Now that Tax Day has come and gone. Are you on meal of beans
and rice or enjoying a lavish steak dinner?
Whatever the situation, now is the time to start thinking about the end
of the year for next year. That’s right.
You will want implement changes now to ensure you have the most favorable tax
return on next year.
The goal of tax planning is to arrange your financial
affairs so as to minimize your taxes. There are three basic ways to reduce your
taxes, and each basic method might have several variations. You can reduce your
income, increase your deductions, and take advantage of tax credits.
Seek professional guidance to assist you with your tax
planning needs. Life Tips offers a few suggestions when looking for a tax
planning professional.
Talk to your accountant during
the year, keeping him or her up to date with activities that may affect your
taxes, such as divorce, marriage, death, natural disasters, real estate
transactions, inheritances and major financial transactions. Excerpt from
Naples News | Get Organized: Avoid tax-time stress with year-round planning
Plan Now To Avoid Paying Later
Investor Place advises sorting out your retirement accounts,
estate tax planning now rather than later. Read More in the article | 3 Tax Plans to Make Sooner Than Later
Minute Man News Center shares some of the important tax
alterations you’ll want to be aware of as you plan for 2013. Read More their
website.
Tools You Can Use
Use Google Alerts to stay up to date on
2013 tax year changes.
Visit the Official IRS Website for all of your tax filing
needs.
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