2021 tax planning doesn’t follow traditional thinking. We have been anticipating increases in tax rates and capital gain tax rates for all of 2021, however, Congress has yet to agree on a plan. Consensus is that rates are increasing, but the question is timing. Because of Congress’ indecision, making decisions that impact taxes is difficult. We will discuss things to consider and possibly execute prior to year-end and look forward to 2022.
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Disclosure: Tax-Related Items (Circular 230 Notice)
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