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Business and Finance articles appearing in this paper are based on the experiences and opinions of the writers and not The Journal. The advice given is strictly for your information and should not be acted or relied on without related professional advice.

Five Common Causes of Prevalent Tax Mistakes

Nearly Half of Us Believe We Overpay, Says Veteran Investment Advisor

Whether you've filed for an extension on your taxes this year, or have waited until the last minute to complete paperwork, or want a better strategy for the future, chances are you could be doing a better job throughout the year to save on income taxes, says seasoned investment advisor Paul Taylor, a member of the National Ethics Bureau.

Forty-nine percent of Americans think they personally pay more than their fair share in taxes, according to 2013 Rasmussen reports.

"Come tax time, many of the other half could be doing more to legally and strategically save money," says Taylor, an architect-turned-founder and owner of Capital Advisory Group & Tax Planners of Lake Norman and Capital Investment Advisors, Inc, (www.CapitalAdvGroup.com).

He cites mistakes that many taxpayers are liable to make now and in future years:

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Estate Representatives

Black news from Pasadena - Personal Finance - Differences in estate representativesAn important part of creating an estate plan is the selection of the person who will take over your financial matters for you after your death. If you have a living trust, that person is called the "successor trustee." If you have a will, that person is called the "executor."

Your successor trustee or executor should be someone who is physically and mentally capable of taking care of business. Some people might be too busy to be given this job. Others might be very nice but not well suited to handling business matters in a timely fashion. Preferably, the person designated should live close by; otherwise it might be very difficult for them to fulfill their responsibilities.

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Three Steps for Turning a Real Estate or Business Sale into Ideal Retirement

Financial Experts Share Common Mistakes and How to Avoid Them

Throughout life, we encounter a number of "financial impact points" -- pivotal events with the potential to make our dreams come true, say financial advisors Chris Snyder and Haitham "Hutch" Ashoo, co-authors of "Exiting Strategies: The CEO's Seven Critical Steps To Cashing-Out of a Business, Managing and Preserving Wealth."

"The sale of a business or real estate is one of those," says Chris Snyder, co-founder with Ashoo of Pillar Wealth Management, (www.pillarwm.com). "With the right planning, it can become your ideal retirement."

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