Year End Income Tax Guide (Part 1)

Part of the hard truth we all have to accept includes death and taxes.  Even Mr. ToughMoneyLove can take only such much hard truth so I choose not to write about death.  That leaves taxes.  This being December, it’s time to think about last minute tax strategies for 2008 and begin our tax planning for 2009.  I have put together a few tax planning “highlights” (or “lowlights” depending on your attitude about taxes) for you to think about.   These are arranged in no particular order of importance so you might want to scan all of them to find something that may be relevant to your situation. Read more