Hi everyone. Sorry I haven’t been able to blog for a few days what with Christmas and such keeping everyone busy. Just wanted to remind everyone that if you have estimated taxes for the fourth quarter of 2010, make sure you pay them by January 15. In fact if you want to take the state estimate as a tax deduction in 2010, pay it by December 31. Also make sure you make any last minute donations to charity, either cash or noncash (that is like found money – check my financial and tax tips on my website www.briantstonercpa.com before Friday so they are a deduction for 2010.
You might also make your January mortgage payment tomorrow or Wednesday so your mortgage company gets it before the end of the year. One more payment of interest for paying your mortgage on the 28th instead of January 3 can save some taxes.