Dear Friends and Clients:
Tax planning has taken on a new sense of urgency for many people. The downturn in the economy has everyone asking what they can do to recover from setbacks such as job and investment losses, regroup and rebound. Tax planning is always fluid and it is even more so in this time of economic uncertainty. Fortunately, there are some strategies that can give you peace of mind and confidence. At the same time, it's important to keep in mind that 2016 is likely to bring even more changes with a new Congress in Washington.
Because of the complexity of the tax law, understanding what planning provisions to incorporate into your year-end tax planning strategy can be a daunting task. While the information on our newsletters hopefully gives you a heads-up on at least several tax opportunities on which you might follow through before year end, there are many more techniques that can be used depending upon your individual circumstances. For a more detailed plan that can be customized to your particular circumstances, please don't hesitate to give our office a call.
The Lawrence Tax Service Team