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Tax TAP-ping in Chicago

July 30, 2007

Irs_logo_with_text
This post comes to you from
the Chicago Hilton on lovely South Michigan Avenue. I arrived a couple
of hours ago to help fly the Taxpayer Advocacy Panel (TAP) flag at the IRS
Nationwide Tax Forum going on here this week.

I attended a Tax Forum several years ago in Orlando and found it
very useful. Hundreds of tax practioners go to these annual events held across the country to get the latest scoop
on tax law, compliance and tax-related products.

In additon to seminars, attendees can browse the exhibit area’s booths where representatives from
the IRS, business, finance and tax software companies showcase their
products and services.

Tap_logo_small_2
TAP doesn’t have an official booth, but we have a table in the
conference area. I’ll be nabbing passersby and talking up TAP efforts. We’ll also be attending some IRS Oversight Board and Taxpayer Advocate
Service sessions, as well as holding our own TAP discussion group.

It should be interesting and educational to be on the other side of the tax table here in Chicago.

You can read more about TAP in this blog post, or at the Panel’s official Web page.

And you can find out about upcoming IRS Tax Forums here. On tap (although I’m not sure which ones TAP will attend) in August are Forums in New York City and what I call the Disney specials in Anaheim, Calif., and Orlando.

There’s also the Tax Forum that probably will have the most registrants of any, although a goodly number of them might skip official tax events to participate in more appealing local activities. I’m talking, of course, about the one in Las Vegas.

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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. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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