CCH Offers Advice on Year-End Tax Planning

CCH has released a new Tax Briefing: 2012 Year-End Tax Planning to provide guidance and analysis on potential tax rate changes, the anticipated expirations of Bush-era tax cuts, post-election tax triggers and other scenarios.

The briefing comes as headlines warn of an approaching “Taxmageddon” and “fiscal cliff” at the end of the year.

“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 in a statement. “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.”

The new tax briefing is available at 2012 Year-End Tax Planning. Also, an interview with Mark Luscombe on year-end tax season planning and the new 3.8-percent Medicare surtax on net investment income can be seen by clicking this video web link.

Visit www.CCHGroup.com/Legislation to access previous CCH Special Briefings on significant tax developments.