The Taxman Cometh

Walter Vasconcelos

By Virginia Munger Kahn

The Taxman Cometh

It’s been a game-changing year for the economy and the stock markets, but even before the financial crisis, the folks in Washington were trying to show that they feel your pain. This year Congress passed incentives designed to get more money into the hands of business owners, and you can still use the tax code to cushion the blow from investment losses.

Here are 10 good ways to cut your 2008 tax bill and help your bottom line. Some are new this year, and some are old standbys. But all have one thing in common: You’ve got to act fast.

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