[COLUMN] How to prepare for Biden’s tax increases
Here are some ways to prepare for Biden’s tax increases: Accelerate 2022 income into 2021 to avail of lower tax rates in 2021. Defer 2021 deductions into 2022 when you need it more to counter higher rates in 2022. Sell long-term capital gain assets in 2021to take advantage of lower rates. Realize capital gains on…