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Wednesday, April 11, 2012

Deadlines, Deadlines, Deadlines





Standard taxes are not the only item to consider as a deadline for Tuesday.

Remember April 17, 2012 is the deadline for your IRA contributions for 2011 and payins to Coverdell education savings accounts even if you are filing an extension.

Securities traders can fully deduct trading losses they have and ignore the wash sale rule if they fill out Section 475(f). They need to elect a special tax status for 2012, if they have not done so the prior year. This deadline is also April 17, 2012.

Photo by Benjamin Miller


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