Filing Income Taxes is not for procrastinators! The best strategy is to get a review BEFORE year-end.
Get help. You might remove a splinter from your own finger, but you wouldn’t perform heart surgery on yourself. A trip to a tax professional should at least tell you what you’re missing. Don’t hesitate to ask for help; it’s deductible. Call for an appointment now! The later your accountant does your return, the more tired that tax preparer will be. You want your return done when she’s at her best.
The Best Tax Offense. There are certain deductions that are allowed whether you itemize or not. These include IRA and qualified pension contributions, student loan interest, moving expenses, alimony, and medical savings account deductions. Next are TAX CREDITS – some are refundable! For the self-employed, the health insurance deduction and deduction for half the self-employment taxes paid.

