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When you
walk into your accountant's office in February or March to have your
taxes done, it's already too late to do much of the tax planning that
can be done to save taxes. Tax
reduction planning should be done throughout the year.
Determining when to take profits and losses, shifting income
and deductions to the appropriate tax year, deciding on Roth IRA
conversions, maximizing retirement plan benefits, reducing the
taxability of social security income, exercising stock options, etc.,
are just a sample of the issues that can be addressed.
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