Fiscal cliff makes tax planning more difficult, important, Oklahoma City experts say
Oklahoma City tax advisers say taxpayers should prepare for changes, but should not overreact.
Tax planning this year may be as difficult as any year in recent memory as policymakers in Washington debate potential changes under a Dec. 31 deadline that has been termed the “fiscal cliff.”
If Congress fails to act, taxes will rise more than $500 billion in 2013, an average of nearly $3,500 per household, according to an analysis by the Tax Policy Center. Middle-income households...
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