Tax Tips for 2007

OK, so this year's taxes are a done deal.

You've wrung every possible deduction out of your TurboTax program. You've spent endless hours with your tax advisor.

You're just not sure you did everything you could have.

You ask: "Could I have sheltered more income? Were there more deductions or credits I could have taken with just a little more planning? Could I have deducted part of that Florida Keys trip because I met a potential client in Miami?"

Gradually, as 2006 taxes fade into memory, your brain shifts gears.

Most of us tend to get back down to business, shifting planning for next year's taxes to the back burner.

The result? About this time next year you'll lay awake at night pondering the same questions.

So what can you do to pay less next year?

Click here for the video version of this story from Jennifer Openshaw.

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