Tax Tips for the Next Two Months

As we get closer to the end of the year tax planning usually begins to show up on people's radar screens.  Although having a tax strategy throughout the year is always the preferred method for planning, there are always things to consider as the close of the year approaches.

Tom Herman of the WSJ put together the following points in this article

1. Consider tax-loss harvesting
2. Don't get soaked by the wash-sale rules
3. Consider donating highly appreciated stock to charity, instead of selling and donating the proceeds
4. Mutual-fund investors: Beware of a painful year-end tax trap
5. Consider bunching deductions
6. Consider cashing in long-term winners
7. Punt