Cash Flow Planning for Life - Helping you reach your personal & professional financial goals.

Cash Flow Planning for Life

Helping you reach your personal & professional financial goals.

It’s that time of the year again…

…and you’ll need to take care of your income taxes.

A great way to reduce your taxes is to pay your state taxes within the year that they are due.

If you wait to pay your state taxes until the year after they are due, you may end up paying more because of increased AGI and AMT tax.

Do you have taxable brokerage accounts?

You can harvest tax deductible losses or offset gains in your portfolio.

You need to watch out and make sure that you are obeying the “Wash Sale Rule,” because if you don’t you could get in trouble.

Most importantly, when it comes to tax planning, you need to always be thinking ahead.

If you want to find out about more ways to reduce your taxes check out my free ebook: 17 Year End Tips for 2010 for more in-depth tips!

If you have any questions about tax planning or think I can help you in any other ways, contact me, or give me a call at (239) 384-9688.

– Mark

This information is based on facts, assumptions and representations as stated and authorities that are subject to change. We will not update this information for subsequent legislative or administrative changes of future judicial interpretations.
LEGAL NOTICE AND DISCLAIMER: The information within this blog is for informational and educational purposes only and is not tax advice and should not be used as such. The facts of each individual situation can have significantly different outcomes when applying tax law. The hiring of a CPA is an important decision not to be based solely on advertisements.

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