Tax Changes The seasons are a Changin'  Temperatures are dropping leaves are beginning to think about falling..... Taxes are a changin', every new initiative by President Obama and the Democratic majority in the Congress includes the phrase, we will raise the tax on the rich....  I have learned over the years that when a politician says he going to tax the rich he means everyone except "himself".... As we approach the end of the year it appears that the payment of dividends by C Corporations may loose their favored tax status at 15%, that capital gains rates may be increased and some of our health insurance may become taxable.  it is important that you pay close attention to the changes that are proposed so that you can apply the knowledge to your personal situation.  Is this the year to take those dividends out your closely held business?  Take the gains on long held assets?  Bust a like kind exchange transaction? It is difficult to make decisions concerning timing on taxable events when you do not have certainty as to what the tax laws will be this year or next year. Please call us if we can help you in understanding what is happening in your business.