Right now is 'other' tax season - it's not too early to organize your thoughts or receipts
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October marked the beginning of the real tax season. Not the one where you spend long days at the dining-room table poring over piles of receipts. But the one where you can really influence the size of the check you have to write come April or the refund you will be getting.
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The year brought many new things into our lives, but they also entailed some leave-taking. Here is a sampling of things soon to be, as they say, eclipsed by events.
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It&#39;s soon to be income tax season. You are entering the Alternative Minimum Tax Zone. For a growing number of taxpayers, the AMT strips away your tax deductions and leaves you paying higher taxes.
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The Internal Revenue Service is gearing up for tax season. And while it may be a kinder, gentler IRS these days, the agency is still coming after you - especially if you make a lot of money.
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The holiday season is a time of giving for love and friendship but also because end-of-year tax planners encourage their clients to make deductible gifts to charities and personal gifts to
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Deduction for couples on rise; car donations, business break for SUVs to get more restrictive. By Sandra Block. Holiday decorations mean it&#39;s that time of the year again -- time to take whatever year-end steps you can to lower your tax burden.
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Help worthy causes and your own taxes at the same time.
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Q. It's getting close to the deadline for filing income tax forms, but I don't think I can pay what I'm going to owe this year. What should I do?
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At tax time you can find lots of advice on how to boost your deductions or credits. People are focused mostly on getting as much money back from the government as possible.
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When the tax bill is coming due, it can pay to sell low.
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If you&#39;re looking to buy a car, or get rid of one, changes to the nation&#39;s tax code can make it wise to act before Jan. 1. Two new tax rules relate to autos, trucks, boats and other vehicles.
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Some people don&#39;t think about federal income taxes until the first week of April. Others jump on them in late January, as soon as their W-2s show up in the mail.
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Taxpayers, walk away from the gift wrap and pick up your pencils. You have less than a month to strategize your way out of the alternative minimum tax for 2006.
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If you've flown this past spring and summer, you've probably noticed fuller flights. Hate to tell you this, but with Thanksgiving and Christmas approaching, you can expect more of the same.
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You're busy. Planning for retirement takes time. But not too much time.
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Make the most of your tax-deductible expenses.
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The past few years have seen companies doing everything they can to reduce costs. From outsourcing and offshoring to RIFs (reductions in force), the byword has been, âCut expenses.â But if most of the economists are right, 2005 will be a much better year, and companies will go back to concentrating on increasing revenue.