Article: It's never too early to plan for tax day

Time flies even when you're not having fun.

It is understandable, considering this long year of high anxiety, if tax strategy hasn't been on your mind's front burner.

Just mellow out long enough to put together a year-end strategy for the 2004 tax year. Otherwise, you may be kicking yourself next April 15 because you wound up paying too much in taxes.

"When formulating your year-end strategies, realize the decisions you make affect two years, both the current year and next year," said Ray Ferrara, certified finance planner and president of ProVice Management Group LLC in Clearwater, Fla. "Know your own motivation, since the strategy that is appropriate varies with your tax situation."

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