Every year the scenario is the same – taxpayers, as individuals or in pairs, will gather their tax information and prepare their taxes for the prior year. They may prepare the taxes themselves or they may hire a professional to prepare them. Either way, tax returns are required. The well-prepared taxpayers will have all the necessary documents in one place already. The REALLY well-prepared taxpayers will have done some tax planning. Tax planning consists of taking advantage of your individual … [Read more...] about How Congressional Inaction Affects Tax Planning