CCH provided advice on year-end tax strategies that, if implemented before a taxpayer’s liability is finalized, could make a significant difference in what they owe as tax year 2011 draws to a close.
“It’s wise to incorporate traditional year-end strategies as well as specific ones that react to situations unique to this year,” said CCH principal federal tax analyst Mark Luscombe in a statement. “Some things to take note of include the impact of certain tax benefits scheduled to end with 2011; a look ahead at possible sea-changes in the tax laws starting in 2013; and attention to new opportunities and pitfalls created during the past year through court cases and IRS rulings.”
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