Tax Cuts Now, Tax Reform Later
Extending the Bush tax cuts now and saving tax reforms for after the elections would be the most responsible and logical decision on the part of Congress, explains Robert Green. Cost-basis reporting rules are causing confusion.
Recorded June 6, 2012. Postscript: the Bush-era tax cuts were permanently extended for 98% of taxpayers — everyone except the upper-income group.
Got it. Thank you Star (Johnson CPA) for putting up with me again this year, as usual you were great.