Here’s our 2012 year-end tax update.  Major topics include the sunset of the Bush era tax cuts and a major overall of the estate tax system effective 1/1/2013.  We are anticipating a one-year extension of the Bush era tax cuts as well as either an extension of the estate tax system “as-is” or a compromise between where it is now and what it is scheduled to revert to in 2013.  An extension is likely given 2012 being a presidential election year and neither candidate has really being ready to fully promote the comprehensive tax reform they endorse.  We will post any significant updates or changes as they come!

2012 Year End Tax Planning