Patent ID: 8694395

Claim:
A non-transitory computer readable storage medium with a computer program stored thereon for suggesting tax events that reduce a user's tax liability, wherein the computer program instructs a processor to perform the following steps: access known user information related to the user and the user's taxes, wherein the known user information includes at least some information for a current tax year to date; predict at least some user information related to the user and the user's taxes for a remainder of the current tax year based at least partially on the known user information; compare at least a portion of the known user information and at least a portion of the predicted user information with requirements for at least one of tax deductions and tax credits offered by a taxing authority for at least one of a previous or the current tax year; identify deductions or credits having requirements related to said at least a portion of the known user information and at least a portion of the predicted user information; and suggest to the user a tax event, wherein the tax event is an action or an inaction that can be undertaken by the user, or by a third party that will have an effect on the user, and that will have an impact on the user's tax liability, wherein the suggested tax event is based on at least a portion of the known user information, at least a portion of the predicted user information, and at least a portion of the identified deductions or credits having requirements related to the known user information.