In these uncertain times, planning is more important than ever. Minimizing taxes is never easy. But in times of legislative and economic uncertainty, it can be a real challenge. As of this writing, the lower tax rates currently in effect are scheduled to expire at the end of 2012. Whether they’ll be extended, raised or changed is some other way is anyone’s guess.
This means you’ll need to base your tax plan on the way things are now, but be ready to revis it in a flash if Congress makes significant tax law changes before year end. The more you know about the areas subject to change, and the more familiar you are with various tax planning strategies, the easier it will be to determine your best course of action.
Click here to download a PDF of the 2012-2013 Tax Planning Guide