Expert: Taxpayers should accelerate their income in 2012
Clients may want to accelerate income in 2012 in case tax rates begin to climb next year, says Deb Wetherby, principal of Wetherby Asset Management. "For a long time rates were falling so it was all about deferring income," she said. Wetherby suggests selling assets and recording capital gains before the end of 2012, or deferring property-tax payments or donations in order to gain a deduction in 2013. Financial-Planning.com (1/12)
Clients may want to accelerate income in 2012 in case tax rates begin to climb next year, says Deb Wetherby, principal of Wetherby Asset Management. "For a long time rates were falling so it was all about deferring income," she said. Wetherby suggests selling assets and recording capital gains before the end of 2012, or deferring property-tax payments or donations in order to gain a deduction in 2013. Financial-Planning.com (1/12)
No comments:
Post a Comment