Talk Like a Pirate Day
/Tis the Season for Last Minute Tax Tips as we move towards the deadline for timely submitting your 2017 Individual taxes (without extension). These tips are widely available using your friendly or not so friendly google tool and may sometimes be useful. However, anything done at the last minute is hardly performed well and may not actually best achieve your goals. If your objective is to not waste money paying taxes you don’t owe, my suggestion is not to wait to the last minute. You should focus on having a detailed tax plan to tell you what to do, when to do it, how to do it and why. It should be in writing and refer to the IRS Code, Revenue Procedures and any relevant tax court cases. I recommend my recent interview with Krystal 93 for your consideration.
Take advantage of deductions
Request an extension to file – does not include an extension to pay
Be prepared to pay what you owe – or request an installment plan
Contribute to an IRA
Don’t panic
The Last Minute Tax Tip season has been around longer than “Talk Like a Pirate Day” – since 2002. Take a quick view of a last minute tax tips from the forties provided by Bing Crosby, famous movie star and singer of that era. He recorded the most popular song ever – White Christmas. https://www.youtube.com/watch?v=pgn9vToEhus