It has been referred to as “Taxmageddon” and the “2013 tax cliff.” Whatever you want to call it, significant changes will occur to the federal tax code at the beginning of next year – at least as things stand now.
2013 Tax Cliff
Of course, the outcome of the presidential and congressional elections will likely have a big impact on what the tax situation actually looks like on January 1, 2013. In the meantime, forward-thinking business owners and high-net-worth individuals aren’t hesitating to make plans based on what we know now.
We will meet with our clients in the coming weeks to discuss the issues that are most relevant for your specific needs and circumstances. The current issue of our quarterly e-newsletter Foresight includes a brief overview of a few planning ideas worth considering. Click here to read more.