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Client Letter |
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Hit your tax-cutting target with smart midyear planning |
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Health care reform will affect your taxes for years to come |
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The Roth question: Some facts to help you decide |
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Summer tax tips |
Midyear 2010
Dear Clients and Friends,
At the end of 2010, most of the provisions in the Economic Growth and Tax Relief Reconciliation Act of 2001 will "sunset" or expire. Only those provisions extended or made permanent by later tax legislation will remain effective in 2011. That fact makes tax planning crucial for 2010. At the point of major tax change, there are always opportunities and pitfalls that should be analyzed if you want to keep your taxes as low as possible.
Major legislation has already been passed this year, such as the HIRE Act to stimulate job growth and health care reform to cover the uninsured. These laws contain tax provisions — some very targeted and short-lived and others wide-reaching and spanning a decade or more.
This letter is being sent to you as a reminder that a midyear tax review is vital if you want to keep your 2010 and 2011 taxes under control. With all the tax changes that have already occurred and the many more sure to come this year and next, you must review your tax situation now. If you delay until later in the year, you could limit your options. To make your tax-cutting efforts most effective, call now and let’s get together for your tax planning review.