Year-end planning amid tax uncertainty.

Those tax provisions that cost revenue, such as the expanded tax breaks for low- and middle-income taxpayers, could also face cutbacks. The Build Back Better Act has the potential to impact broad areas of tax planning: individual income tax planning, corporate income tax planning, pass-through income tax planning, international tax planning, retirement planning and estate planning. It seems like most years we say that year-end planning is especially important. However, with an estimated $2 trillion raised from revenue provisions, if the total package is reduced to $1.5 trillion, even some of the less controversial revenue-raisers could be reduced or eliminated if they are no longer required for funding. [Extracted from the article]

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