With one debate already in the books, we’re not really any closer to knowing what taxes will be in the books, or not, come January. In fact, when the ball drops on New Year’s Eve, we may still need a crystal ball to tell us in what direction we are headed.
As IRS Commissioner Douglas Shulman prepares to depart in November, major legislative uncertainties face the agency as well as practitioners and taxpayers heading into 2013. Among them are the many tax provisions set to expire, including the alternative minimum tax and rate structure, which could cause major operational concerns during fling season, according to Marc Gerson, former majority tax counsel to the House Committee on Ways and Means.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access