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Tax Planning
Brass Tax
Changes that may be coming next year make planning for this year's taxes more crucial. What you need to know...
The Bush tax cuts enacted in 2001 and 2003 are set to expire in 2010 and put an end to some of the laws that lowered taxes for both individuals and businesses. Some of the bigger changes for businesses will require companies to show more transparency when filing taxes and file more paperwork to the IRS.
The good news is that a bill signed into law in September will give tax breaks to small businesses. Regardless, it's a good year to get some expert tax advice and consider tax planning strategies.
Here is a summary of some of the bigger changes scheduled to take place in 2011 unless Congress makes modifications by the end of the year.
• For Individuals | • For Business |