Wolters Kluwer Tax & Accounting:
What: With Congress focused on trying to pass tax reform by year-end and no certainty that it will be able to do so, tax planning for year-end 2017 must be undertaken with more than the usual uncertainty. Besides tax reform, a number of other developments during the year warrant year-end planning consideration.
Why: Even with that uncertainty, however, the possibility of tax reform could make year-end planning this year more rewarding than in a typical year. With potentially huge reductions in tax rates between 2017 and 2018 and the potential loss of many tax deductions and credits that have long been part of the Tax Code, those who plan well and follow developments closely as year-end approaches could reap significant tax savings.
Who: Tax expert Mark Luscombe, JD, LL.M, CPA, and Principal Federal Tax Analyst for Wolters Kluwer Tax & Accounting, is available for interviews to provide in-depth background and analysis on the year-end tax planning process. Among the topics Luscombe can discuss:
- How does year-end tax planning differ with or without tax reform
- What is the possible fate of tax breaks that have already expired for 2017
- What other new developments can affect individual or business tax planning for 2017
- What personal changes for a particular taxpayer during the year can have a significant impact on tax planning
Contact: Members of the media interested in arranging an interview with a Wolters Kluwer tax expert may contact:
| MARISA WESTCOTT | BRENDA AU | |||
| 646-753-2980 | 847-267-2046 | |||
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