What Should You Be Asking Your Tax Advisor?

Forbes recently released a list of six key questions the average person should be asking his or her tax advisor come the end of the year. What exactly were those questions? Well, number one on the list was whether you should accelerate or defer your income, while number two focused on what gains or losses, if any, you should take. The third question was whether or not you should do a Roth conversion, and the fourth was whether you should make any changes to your employee benefits. The fifth and sixth questions focused on family gifts and donations and which ones you should be making.

While these questions are a good starting point, remember that the end of the year is also a time to review your overall experience withyour tax advisor and to take an in depth look at your finances in order to come up with your own personalized questions.

If you don’t currently have a tax advisor, or if you find, during your review, that you’re less than satisfied with your current one, then it’s likely time to make a change. You can find a great tax advisor to help you through the end of the year and the entire year to come (and beyond!) at Susan S. Lewis Ltd. of Naperville.