How well will you fare on your 2010 tax return?

Even though the deadline to file your 2010 tax return is more than a year away, the decisions you make now could affect your 2010 tax return. With more than two dozen major changes occurring to the 2010 tax laws, your 2010 return could be significantly minimized if you're prepared.

When it comes to estate planning, most people have a tendency to procrastinate, especially if they think that current tax laws will eat up most of their assets.

But even with the economy showing little sign of revival, the combination of lowered asset values, reduced interest rates, and the prospect of estate and gift tax reform presents a unique opportunity to implement estate planning techniques that will yield significant tax savings for you down the road.

Many predict that Congress will pass an estate tax reform package in 2009, that, while benefitting some, will place an onerous burden on others.

With three months left in the calendar year, you still have time to strategize your way into a cheaper 2009 tax bill and a more efficient 2010 tax year.