Smith & Wooton recently published a tax planning article in an executive lifestyle magazine. A link is provided below.
TAXES ARE GOING UP
It has been well publicized that the Bush era tax cuts are scheduled to expire at the end of 2010. Most experts agree that the existing tax rates will be extended another one or two years (by the time you read this, Congress may have already acted to extend some of the tax cuts into 2011), but you would be hard- pressed to find any expert that thinks tax rates will go down in the near future….
Click the link below to read the full article:
http://www.csqmag.com/issues/Q42010/2010-Q4-adv-taxplanning.html