The 2011 tax return filing season will certainly be an interesting one. First, the “Bush tax cuts” were going to expire, then the Congress and the President were convinced otherwise with the Congress in session late into the year, the IRS then had to change the rules to put the “Bush tax cuts” back in, all of which delayed the completion of tax filing software! As always, tax preparers will take all of this in stride, but patience will be required of taxpayers and tax preparers alike.
While the Bush tax cuts were generally restored, they were not restored exactly and there have been other changes as well. All of this can result in surprises for uninformed taxpayers. We can help you with the tax planning that you need to do.
Remember, Certified Public Accountants add value to your business and your personal life!