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Every year a number of “temporary” tax breaks, credits and deductions expire on December 31st. Lawmakers usually plan on extending them, but they don’t always do so before year-end. At the end of 2013, Congress let 57 so-called tax extenders or tax breaks expire. In theory, Congress could extend these retroactively to...

Copeland Buhl & Company prefers to be proactive in tax planning with our clients. This year, planning is a bigger challenge because unless Congress acts, the Bush-era tax cuts expire at the end of 2012, meaning large tax increases for some clients. Among the changes scheduled to take effect in 2013...