Press Room: Article
It’s Midnight – Do You Know Where Your Tax Attributes Are?
Congress opened session this year by passing the much-anticipated stimulus law (The American Recovery and Reinvestment Act of 2009, signed into law by President Obama on February 17), raising taxpayers’ hope for some relief to their economic woes.
However, nine days later, the President presented his fiscal 2010 budget to Congress calling for increased individual tax rates and more limited individual and business tax deductions. As these proposed tax hikes filter through the house and senate, taxpayers should be planning their affairs for the high-tax rate environment that may lie ahead…