Marc Gerson Comments on Fiscal Cliff Uncertainties in The National Law Journal
Subtitle
Fiscal cliff uncertainty creates flood of work for attorneys
Subtitle
Fiscal cliff uncertainty creates flood of work for attorneys
The National Law Journal
Marc Gerson commented on the increase in work for lawyers who are helping their clients plan for the future in light of "fiscal cliff" uncertainties. "This year is almost the perfect storm," Gerson said in discussing not only the fiscal cliff and expiring Bush-era tax cuts, but also the increase in Medicare taxes and a new investment tax. As a result, businesses are looking to accelerate income before the year ends to avoid the uncertainty of 2013. "Traditionally there always is year-end tax planning that we do on behalf of our clients," Gerson said. "Obviously folks are operating with a lot of uncertainty."