When you walk into your accountant's office in February or March to have your taxes done, it's already too late to do much of the tax planning that can be done to save taxes. Tax reduction planning should be done throughout the year.

Determining when to take profits and losses, shifting income and deductions to the appropriate tax year, deciding on Roth IRA conversions, maximizing retirement plan benefits, reducing the taxability of social security income, exercising stock options, etc., are just a sample of the issues that can be addressed.