Even though 2010 is over, it’s not too late to take certain actions that can minimize taxes on 2010 returns. The tax law permits certain actions to be done after the year has ended; it also allows for elections that need not be made until the return is filed. Finally, there are certain actions that can be taken with respect to 2010 that will save taxes in other years.
Post Year-End Actions
There are certain deadlines for action with respect to 2010 returns that do not occur until some time in 2011.
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