Act Now on End of Year Expiring Tax Breaks: IRA Charitable Rollovers, Bonus Depreciation
Posted by William Byrnes on December 18, 2013
Individual clients may have one final chance to satisfy required minimum distribution (RMD) requirements without increasing taxable income.
Small business clients, on the other hand, should be advised that the time to expand is now, as special expensing and bonus depreciation rules are also set to expire at year’s end.
Regardless of your client’s situation, the list of expiring tax breaks is robust enough to grab everyone’s attention.
Read Professor William Byrnes and Robert Bloink’s end of year planning tips at > Think Advisor <
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