Tax Realty Consultant

two major pieces of tax legislation will affect your 2007 tax return — the Small Business and Work Opportunity Tax Act of 2007 and the Tax Relief and Health Care Act of 2006. It seems we’re simply going to have to wait for the Senate to deal with the House’s Temporary Tax Relief Act of 2007 until early next year. Don’t hold your breath waiting for the repeal of the alternative minimum tax — or even a big dent in it. President Bush insists he’ll veto any major reduction in the AMT. So, we’ll be lucky if we just get a little indexing for inflation. That makes it ever more important to work with the tax loopholes we already know about

http://www.marketwatch.com/news/story/personal-finance-daily-personal-finance/story.aspx?guid=%7B253EC8FB-73EE-4FD2-8C84-75D2C321BFF5%7D&dist=hplatest