10. Get your things organized and to your preparer as soon possible to avoid needing to file an extension.
9. If you owe a lot or are getting a big refund, adjust your withholdings or quarterly estimated payments now.
8. If you can deduct an IRA contribution and owe tax, consider making a contribution before April 15 and getting it on your 2010 tax return.
7. If you live in Colorado, have kids in college, and don’t have a Colorado 529 plan, set one up and put this year’s tuition in it now.
6. Start your file now for 2011 tax data.
5. If you’re going through a divorce…oh shoot, taxes are the least of your problems.
4. Start a mileage log with a section for charitable miles, medical miles, and business miles.
3. Keep track of all your out-of-pocket business expenses.
2. Keep organized on your other financial issues, not just taxes.
1. Reward your tax preparer with chocolate – especially if it’s me!
By Linda Leitz, CFP®, EA
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