Tax Strategies: Expired Provisions

Should you assume that your favorites will be retroactively revived?


It sometimes feels like the little boy who cried wolf. He cried wolf so often that the villagers stopped running to his aid, and when the wolf finally did come? Well, you know the story. We seem to warn every other year that the expired provisions have expired and there is no assurance that they will be renewed, so don't automatically assume they will be. And, for the most part, they have been retroactively renewed and the people who ignored our cautions and assumed they would be renewed have been rewarded for their actions.

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