Financial advisers would be better off providing traditional tax advice that will benefit clients no matter what Congress and the president negotiate with the "fiscal cliff," write Kemberley J. Washington, CPA, and James R. Washington III, CPA. Such advice includes accelerating health care expenses, managing losses strategically, investing in tax-exempt securities and redeeming savings bonds. "Clients should also be advised that even with the uncertainties, some 'worthwhile gambles' may be better than failing to act," they write. Visit aicpa.org/PFP/YearEnd for FREE resources to help you get financial plans in place for your clients now.
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