Down to the WireDown to the Wire
For those who advise clients on tax and other financial issues, the final weeks of the year are always a time for careful planning and action. This year is no exception. What makes this year different, however, is the level of uncertainty that rivals even last year in both its extent and complexity. For much of 2010, we haven't known what the 2011 income tax rates and available deductions will be.
Robert F. Sharpe, Jr., president of The Sharpe Group, Memphis, Tenn.
For those who advise clients on tax and other financial issues, the final weeks of the year are always a time for careful planning — and action. This year is no exception. What makes this year different, however, is the level of uncertainty that rivals even last year in both its extent and complexity.
For much of 2010, we haven't known what the 2011 income tax rates and available deductions will be. Also, we've received little direction on tax considerations related to estate and gift tax planning.
Fortunately, regardless of actions the “lame duck” Congress (convening as we go to press) may or may not take, there are constants we can turn to that suggest prudent steps to t...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?
