Jan 3, 2008

Minimizing my taxes in 2008

I know, I know, it's January 3. But I don't need to worry about my 1040 right now because I have all of my documents in one place (I'll post more about that some other time), and all I really have to do is wait for our W-2s, 1099s, etc. to arrive in the mail.

So in the meantime, I'm turning my thoughts to 2008 taxes. I'm sure my CPA will be less than thrilled when I call to make an appointment and say that I want to discuss strategy and planning. I know this is the start of his (extremely) busy season. Or maybe I'm wrong and he'll actually be happy to do some planning with me, knowing that it'll make things easier in the long run.

In any event, I'm convinced that we could reduce the amount we pay in taxes, I'm just not sure how to do it with our current financial goals. So I want to meet with our accountant and talk about it. It'll be a lot easier to make adjustments to our tax bill if we have the entire year ahead of us than if we only have a few months.

1 comment:

Ann @TheAssetEdge said...

I hope you'll post on your findings - I would love to learn more tips!!