With less than two weeks left in 2011, income tax accountants across America are reminding their clients to tie up loose ends and get their ducks in a row before January 1st.
Tasks such as donating tax-deductible charitable gifts, making estate transfers, and selling off certain investments must be finalized before the end of the year in order to be included on 2011 income tax statements. Amidst the distractions of the holiday season, it can be difficult to keep financial planning in mind, but prudent advisers offer last minute advice and helpful tips for preparing to pay Uncle Sam.
What is at the top of your list of tax preparation objectives? What questions and concerns do you have about filing your income tax statement for 2011? Has the recent economic recession changed the way you think about taxes?
Selwyn Gerber, CPA, founder, Gerber & Co., Inc