Point of View: "As 2004 draws to a close, tax planning may not be at the top of your �to do� list. Yet, it is important not to lose sight of certain tax breaks amid the excitement of the holidays. A recent flurry of tax legislation may have an impact on your year-end tax planning for 2004. Here are some important tax aspects to consider:
The American Jobs Creation Act of 2004 creates tougher deduction and substantiation rules for post-2004 charitable contributions of autos. If you plan to donate an auto, do it before 2005. "
No comments:
Post a Comment