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Here is a checklist of things to do before the end of the tax year. Realize losses on stock while substantially preserving investment position Convert investment income taxable at regular rates (e.g., interest income) into qualifying dividend income Arrange with employer to defer bonus until 2019 Increase basis in S corporation or partnership to make

We’ll explore when it may make sense to do your own taxes, and then look at situations when you should strongly consider hiring a professional. Making an informed decision simply makes good financial sense.  Convenience, time, cost, and the degree of complexity in a person’s tax situation are the primary factors that need to be

1. What Information Do I Need to Keep? Your accountant will need certain paperwork and receipts to fill out your tax information and make sure that you receive all of the deductions you qualify for. 2. What Direct Business Expenses Can I Deduct? Knowing how many of your expenses you can deduct will help you