While tax season is still a couple of months away, there is really very little you can do to reduce the tax bill on your 2011 return, which will be due on April 30th. That being said, January is the ideal time to start thinking about tax savings for 2012.
Here are three tax resolutions to ponder over the weeks and months ahead:
1. Get Organized
If you’re one of those people who is always scrambling to hunt down receipts, T-slips and other important tax info, now is a great time to set up a tax filing system. It need not be complicated and it can be in physical or electronic format. ... Read More