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Hi, this is Tim Heeney at Determined Assets. Well, tax time is upon us once again. Yeah,
believe it or not, tax time is right around the corner. But now is the time to really
start thinking about all those documents you need to get gathered up in order to do your
taxes whether you’re doing them on your own laptop or a pc or if you’re handing
it over to your accountant. And, the longer you wait, the more the stress is going to
build and the more frustrated you’re going to become because you can’t find what you
are looking for and the people you’re contacting – they’re not too quick to return your
calls and get that information to you. So, if you start gathering that information now,
anything you’re missing – it gives them ample opportunity to get that information
to you, should you need it. Specifically, I’m talking about cost basis information.
If you sold any stock and you need to get a, file for a loss on it, or claim a capital
gain if you were that fortunate. Then you need cost basis. You need to find, you need
the date and price that you originally paid for it. And in order to do that, you need
to contact your investment advisor or the investment institution where you bought it,
if you don’t have it readily available. Now, the longer you wait, the longer it’s
going to take. I know this from personal experience that the closer you get to April, and you
need to get that information, it’s going to take you a long time to get it. And the
only reason is: you’ll be one of several thousand people that are trying to get information
from that same office, at the same time. So, do yourself a favor, start looking in to it
now. And, if you need help, give me a call, look us up – we’re at http://DeterminedAssets.com.
Thank you.