A Little Tax Tip for Year End

We are in Q4 now. It is never too early to do your y/e tax planning. If you see your Fed income tax payable will result in penalty in 2010 and you are using Sch A for deductions, make sure you make following payments by Dec 31, 2010.

- property tax payable - 2nd installment;

- Estimated state income tax - 4th installment.