Before you celebrate New Year's Eve, invest in a few minutes of tax planning. True, taxes might not bring thoughts of confetti in the air or New Year's kisses, but making use of these seven strategies can go a long way in reducing your tax burden.
1) Establish retirement plans.
2) Invest in an IRA.
3) Defer Income
4) Spend, spend, spend.
5) Give to charity.
6) Prepay taxes, (maybe).
7) Visit the doctor.
8) Review your portfolio.
Original Article: Seven Year-End Tax Tips | Small Business Solutions | Financial Articles & Investing News | TheStreet.com
