Monday, December 10, 2012
Steven J. Fromm (Philadelphia Estate and Tax Attorney Blog) has recently published article entitled, 2012 Year End Tax Planning Strategies, Philadelphia Estate and Tax Attorney Blog, Dec. 4, 2012. Provided below is the introduction to his article:
With less than 30 days left in 2012, there is still time to do some year-end tax planning. This 2012 tax year is more difficult in that no one knows how the tax laws may change before the end of the year. With certain tax deductions and credits due to expire at the end of 2012 (sunset provisions) and new higher tax brackets kicking in next year (end of the Bush-era tax cuts), year-end tax planning is harder than ever.
However, income tax planning must go on even in this uncertain tax environment. As a result, it is essential to know the customary year-end planning techniques that cut income taxes.