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CPAs year-end tax-savings tips


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The Queens/Brooklyn Chapter of the New York State Society of Certified Public Accountants (NYSSCPA) recommends these Year-end Tax Tips for consumers:

1. Get Organized: Put your tax data together now. Round up receipts and cancelled checks from charities; check your latest brokerage statement for year-to-date gains or losses; make a checklist of accounts to keep track of the 1099s when they arrive; and get medical receipts and insurance reimbursement forms in order. Start organizing your files now, to avoid the last-minute rush. It is much easier to get replacements when you have the time instead of finding out at the last minute that you’re missing some item that prevents you from finishing your tax return.

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