Top

Invalid ZIP Code

 

The ZIP code entered " " is not recognized.
Please enter a valid ZIP code.

 

Okay

News Releases


HARRIS HELPFUL HINTSHARRIS HELPFUL HINTS

HARRIS HELPFUL HINTS

Taking Time to Tackle your Taxes

CHICAGO, March 25, 2008 – As April 15, 2008, draws near, there is still time to take some simple steps to help alleviate the stress of tax season and ensure you are taking advantage of the resources available to you.

  1. A win-win situation. Visit your financial institution and ask about the Traditional IRA. It is an excellent method to save for retirement and possibly reduce current taxes. You have until April 15, 2008, to begin contributing, and whatever you contribute toward your IRA is subtracted from your yearly income, thereby lowering your taxable income.
  2. Take a trip down memory lane. While 2007 may seem like a long time ago, now is the time to look back because that spring cleaning project that ended with three trips to the local donation center or the unexpected need for a new furnace could pay off as you file your tax returns.
    • Charitable Donations: Clothing and household goods in good used condition that were donated in 2007 may be eligible to qualify for a deduction.< /li>
    • Energy Credits: If you made energy-efficient home improvements in 2007, such as new doors, windows or certain furnaces, you may be eligible for an energy credit.
    • Education Credits: If you or your children are higher education students, you may qualify for the Hope Credit or the Lifetime Learning Credit.
    Visit the Newsroom on www.irs.gov for more 2008 tax tips on various deductions and credits that may apply to you and your family.
  3. Help is on the way. There are many tools, resources and tips out there to help make tax time less stressful and more rewarding. Whether you look to your financial planner, accountant, local tax preparation company or the IRS, help is available.
    • For low income individuals and families in the Chicagoland area, the Tax Assistance Program, a non-profit organization that Harris has supported for many years, has volunteers to help prepare your taxes at no charge. Visit www.taxassistance.org for more information.

About Harris:
Harris is an integrated financial service organization providing more than 1 million personal, business and corporate clients with banking, lending, investing and wealth management solutions. The organization is a member of the BMO Financial Group (NYSE, TSX: BMO), which also provides corporate and investment banking services in the U.S. under the BMO Capital Markets name. For more information, please visit www .bmocm.com or www.harrisbank.com.

Harris® is a trade name used by various financial service subsidiaries of Harris Financial Corp. Banking products and services are provided by Harris N.A., The Harris Bank, N.A. and their bank affiliates. Members FDIC. Brokerage products are offered through Harris Investor Services, Inc. (HIS), a registered broker/dealer, member FINRA/SIPC, and SEC registered investment adviser. Insurance and annuities are offered through Harris Bancorp Insurance Services, Inc. (HBIS). Securities are provided by BMO Capital Markets Corp. (BMOCM), a registered broker dealer and member NYSE, FINRA and SIPC. HIS, HBIS and BMOCM are affiliated companies and are wholly owned subsidiaries of Harris Financial Corp. Products offered by HIS, HBIS and BMOCM are Not Insured by the FDIC or any Federal Government Agency, Not a Deposit of or Guaranteed by Any Bank or Bank Affiliate, May Lose Value. The purchase of insurance or an annuity is not a condition to any bank loan or service. Financial planning and investment advisory services are provided by Sullivan, Bruyette, Speros & Blayney, Inc., an SEC registered investment adviser. Family Office Services are provided by Harris myCFO, Inc. Investment advisory services are offered by Harris myCFO Investment Advisory Services LLC, an SEC registered investment adviser and wholly-owned subsidiary of Harris myCFO, Inc. Not all products and services are offered in every state and/or location.

This press release is for informational purposes only and is not presented as advice or recommendation of any particular strategy. Opinions expressed reflect judgment current as of publication and are subject to change.

United States Department of Treasury Regulation Circular 230 requires that we notify you that with respect to any s tatements regarding tax matters made herein, including any attachments, (1) nothing herein was intended or written to be used, and cannot be used by you, to avoid tax penalties; and (2) this document is written to support the promotion or marketing of the transaction(s) or matter(s) addressed herein. Further, to the extent any tax statement or tax advice is made herein, Harris N.A. and its affiliates, including, but not limited, to Harris myCFO Inc. (collectively, "Harris") do not and will not impose any limitation on disclosure of the tax treatment or tax structure of any transactions to which such tax statement or tax advice relates. Harris does not provide legal advice to clients. You should review your particular circumstances with your independent legal and tax advisors.



For further information:

Contact:
Colleen Kroll, (312) 461-7865