With terms such as “Taxmageddon” and “Fiscal Cliff” dominating headlines and leaving taxpayers to wonder how to prepare for the next tax season, CCH has released a new Tax Briefing: 2012 Year-End Tax Planning – providing expert guidance and analysis on potential tax rate changes, planned expirations of Bush-era tax cuts, post-election tax triggers and other scenarios. CCH, a Wolters Kluwer business is a leading global provider of tax, accounting and audit information, software and services.
“The timing of all the possibilities that could impact the Tax Code is really creating a perfect storm of confusion,” said CCH Principal Federal Tax Analyst, Mark Luscombe, JD, LLM, CPA. “The challenge for all taxpayers is to know which tax incentives may expire, what new ones could be introduced and be ready to plan accordingly, especially after the November elections.”