• Ask employer to pay out any bonuses in January 2012 instead of December 2011.
• Hold on selling stocks and other investments with taxable gains until next year.
• Hold off on taking distributions from an IRA or other retirement account until January.

• Ask your employer to pay out bonuses in 2011 instead of next year.
• Sell off stocks and other investments with taxable gains in 2011 instead of next year to absorb capital loss                                                                         carryovers or to lock-in gains at 15% rate.
• Accelerate IRA distributions in 2011 and 2012 to avoid potentially higher tax rates starting in 2013.
• Convert pre-tax retirement savings to a Roth account to lock-in a known tax liability.

• Pay tax deductible expenses in 2011 instead of 2012, such as medical bills, charity donations and property tax.
• Sell off stocks and other investments that have lost value so you can take the losses on your 2011 return.
• Increase your 401(k) or IRA contributions

• Defer paying medical bills, charity donations, property tax and other deductions until next year.
• Consider funding a Roth IRA instead of a tax-deductible traditional IRA. By forgoing the deduction, you’ll belocking in a known tax rate on your contribution in return for tax-free investment returns.
  Tax Planning Tips Specific to 2011 Only
• Classroom expense deduction expires at the end of 2011. Teachers can deduct up to $250 for books, supplies and other expenses related to their classroom.
• Mortgages insurance premiums can be deducted in 2011, but this is scheduled to be the last year of this deduction.
• Sales tax deduction will also end in 2011. This is an optional itemized deduction that can be taken instead ofthe deduction for state and local income taxes paid.
• Tuition deduction expires at the end of 2011. Up to $4,000 in tuition can be deducted, and amounts paid in 2011 for classes starting in early 2012 can qualify for a deduction on your 2011 tax return

Credit Bureau Contacts
Now, taxpayers can access their credit reports annually for no cost. This is useful to:
Insure correct credit information. Determine information for IRS representation use. Visit: Annual
Credit Report.com