Tax Update - Highlights of 2013 Income Tax Changes

By Philip J. Siana, Joseph G. Dolan, Deirdre R. Wheatly-Liss, Mary B. Goldhirsch and Matthew C. Mills

This past year was interesting for many reasons, not the least of which were extensive changes to the tax laws and a government shutdown that will again delay the IRS’ acceptance of 2013 returns that will be filed by taxpayers. As the year draws to a close, it is the perfect time to consider potential planning opportunities and pitfalls before waving goodbye to 2013.