Final tax tasks for the final few days of 2019

December 28, 2019

Crowded calendar

I don't know who came up with all these holidays in quick succession at the end of each year, but that person needs to be fired.

We, and by we I mean U.S. residents since Canadians are smarter about Thanksgiving's timing, have a lot of special days in the last calendar quarter.

Holiday avalanche: It starts in mid-October with Columbus Day, still one of 10 federal holidays recognized by Uncle Sam, although many areas now celebrate that Monday as Indigenous Peoples' Day.

At the end of the month, we have Halloween and, depending on your heritage or geography, Dia de los Muertos celebrations. 

We go from there to a more solemn commemoration, Veterans Day, which began as Armistice day to mark the end of World War I fighting on Europe's Western Front at precisely 11 a.m. on Nov. 11, 1918.

Then come the biggies, Thanksgiving followed by the frenetic December holiday season. Some folks are still unwrapping (or rewrapping to return) Christmas gifts by the time New Year's Eve and Day arrive!

Running out of tax move time: Time to take a breath, right? Wrong! 


via GIPHY

If you want to make some tax moves that will affect your year's filing, you've got to make most of them by Dec. 31.

I know. I've been nagging reminding readers of the ol' blog about potential tax-saving moves to make since early November.

Then again as December arrived. And again with some business tax tips the next week and a few more individual tax moves in mid-December.

All those earlier pieces of year-end tax move advice are the featured final official Weekly Tax Tip of 2019, highlighted there at the top of the right column.

So today's post, of course, is — drum roll and tah-dah! — more year-end tax to-do's!

4 final tax tips (maybe): This time it's 4 last-minute tax-saving strategies for owners of crypto currencies. The suggested tax tasks are from Forbes contributor Shehan Chandrasekera and are this week's Saturday Shout Out, also the last one for 2019.

These crypto tax actions also apply to other, more traditional investments, which is what the Internal Revenue Service considers bitcoin and other virtual currencies.

And they're the last tax moves to make now nag reminder you'll get from me. Maybe. No promises!

As noted, none of us has much time for all that's left on our year-end must complete lists. But if you can find a spare moment, check out these various tax moves.

They could make a positive difference when you file your 2019 tax return next year.

And that's really something to celebrate!

Tax time sing along: Mick, Keith and the other (much younger) Rolling Stones reinforce this temporal tax message over at my tumblr blog Tumbling Taxes.  

Advertisements

 





 

Share:

The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

Latest Posts
The latest Dirty Dozen tax scam list is familiar because too many are still falling for the schemes

March 5, 2026

Tax filing season is also peak time for tax scams. Be on the lookout for…

Read More
Hello Tax Season 2026

Happy New Tax Year! Are you ready to file your 2025 tax return? I know, too early to ask. But Tax Day 2026 will be here before we realize it. The Internal Revenue Service deadline to file and pay any tax we owe is the regular April 15 date this year. It’s also Tax Day for most of the states that collect income taxes from their residents, which is most of the states! If that seems too far away right now, don’t worry. As is the case every tax season, the ol’ blog’s tips and other tax reminders should help all of us meet our state and federal responsibilities. Procrastinators also will want to keep an eye on the countdown clock just below. It tracks how much time we have until April’s Tax Day, just in case we put off our annual tax task until the absolutely final hours and decide we need to instead get an extension request into the IRS by that date. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

Comments
Leave the first comment