Tax moves to make in July 2011

July 6, 2011

Have you recovered from the long Fourth of July holiday? Good. It's time to make some tax moves.

First, I must apologize for being slow in reminding all y'all about the regular monthly listing of tax strategies. The three-day weekend — OK, three-and-a-half days since I knocked off early on July 1 — slowed me down a bit.

But there are plenty of hot July days remaining during which you can take advantage of equally hot tax-saving opportunities.

And even though today is July 6, you can't still make the July 1 and July 5 tax moves: adjusting withholding and hiring a tax pro. Heck, those are good tax things to think about year-round.

And they are just a couple of the many July Tax Moves detailed over in the ol' blog's left column. Just scroll down a bit and you'll find many other tax-savings suggestions.

I know what with vacations and the kids out of school and all sorts of fun summer activities calling your name, it's tempting to ignore taxes. But taking a little time now to make a few timely July tax moves could really pay off next filing season.

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Those procrastinating filers aren’t a problem. In fact, the IRS appreciates taxpayers who take time to fill out their 1040 forms correctly. It also is grateful that tax submissions are spread out a bit, especially now that the IRS is a leaner agency. Processing returns is easier when they arrive throughout the year instead of in massive bunches.

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The ol’ blog is here to help you finish up your extended Form 1040. You can start with January’s tax tips page, which has links to the rest of the year’s tips by-month collections. You also can peruse various tax categories for more tailored advice by clicking on the More Tax Posts drop-down menu at the top of this (and every) page.

And to make sure you don’t miss your new filing deadline, the count-down clock below will let you know just how much time you to file by Oct. 15. At the latest.e. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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Filing and Paying Taxes

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