Taxes will likely rise for 90% of Americans with the expiration of the Bush-era tax cuts. Further, with "fiscal cliff" negotiations uncertain, CPAs should be helping their clients cope with the impending tax increases. CPAs should prepare the clients for various "what if" scenarios that could occur in an agreement between Congress and the White House and should also guide clients in taking proactive steps now. The AICPA is making available on its website various resources for all CPAs to help with these issues.
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