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Even though your tax filing deadline has moved to July 15th this year, leaving it until then to start thinking about your taxes could prove to be a costly mistake.

It is possible that you could owe the government taxes on April 15th which you cannot pay. What should you do when you discover you owe the government more than you can possibly pay by the due date?

The end of the year provides an ideal opportunity to reflect on the status of your personal finances and review your evolving goals and objectives for the year ahead.

Waiting until just before April 15 to start thinking about your taxes may prove to be a costly mistake. Advance tax planning is especially important if your circumstances have changed over the past year.