In 2012, taxes made headlines and it is likely that taxes will continue to be at the forefront in 2013. Congress needs to act on many measures impacting small businesses. The IRS is in gear to continue or initiate a number of programs impacting small businesses.
Here are some trends to watch for in 2013.
1. Uncertainty About Tax Rules Could Linger
Congress continues to debate the fate of a number of expired or expiring tax rules impacting individuals and businesses. The tax rules for 2013 are anything but certain now and “taxmageddon” (an overall tax increase of about half a trillion dollars) is still a threat; this status could continue into 2013 unless there is a solution in Congress by December 31, 2012.
To read the full, original article click on this link: Top Tax Trends For 2013
