2011 Budget Control Act: Tax and Planning Implications

• Overview
• Credits

The Budget Control Act will result in the formation of a bipartisan joint committee charged to address deficit reduction and present legislation that can be voted upon prior to year end. They are charged with proposing changes to raise $1.5 trillion over 10 years. The specific form deficit reduction will take is unknown. That uncertainty alone has significant planning implications. Unfortunately, many clients will interpret added uncertainty as another excuse to defer planning. But, more than ever, taking a “wait and see” approach may result in clients realizing a “wait and pay” result.

Authors

Martin M. Shenkman, CPA, M.B.A., J.D., Martin M. Shenkman, P.C.

Self Study Credit - CD & Reference Manual

Sponsored by Lorman Education

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