Thursday, January 3, 2008

Accounting Professor Offers Tax Prep Tips

While many individuals are planning New Year’s resolutions, planning your spending may save taxes in that new year. The first thing to do is review last year’s return to remind yourself of what you earned and what deductions you have taken. Then, consider changes that have happened in 2007. Some of these changes may reduce your taxes even if they didn’t reduce them in the past.

Dr. Marianne Rexer, Ph.D., CPA
Dr. Marianne Rexer, Ph.D., CPA, professor of accounting at Wilkes University, suggests taxpayers address the following questions to help with tax planning:

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