Michael Hawes, CPA

If you’re like many taxpayers, you’re probably just starting to prepare your 2001 income taxes. Unfortunately, many people create unnecessary headaches for themselves by waiting until the last minute to do their taxes. While year-end tax planning can help you significantly reduce your tax liabilities, the secret to tax-saving success is year-round planning. The sweeping tax law changes passed under the 2001 Economic Growth and Tax Relief Reconciliation Act (EGTRRA) illustrate why you need to stay on top of your tax planning.