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Recession and Politics Affect 2010 Tax Planning!
For many
of us, 2010 was a bit of a disappointment. The tax provisions passed in 2009
that were to help us recover from the nasty recession did not deliver hoped-for
job growth. Politics so dominated Congress that it was unable to extend key tax
breaks that expired at the end of 2009, couldn’t agree on what to do about the
tax cuts that expire this December 31st and failed to pass
legislation needed to keep millions of us from paying Alternative Minimum Tax
(AMT) for the first time. Both President Obama and our Congressional leaders
have been promising for months that these problems will be fixed, but it’s now
beginning to look like the fixes won’t come until the new Congress opens in
January.
Needless to say, estimating our tax bill for
2010 and for 2011 is going to be very complicated and very difficult.
Start here by downloading this Tax Planning Guide to help you understand the changes.
TAX PLANNING GUIDE
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