Tax preparers and finance professionals are trying to predict what tax changes will take effect when President-elect Barack Obama is inaugurated in January. "It seems like the rhetoric coming out of the Obama transition team has softened on taxes. The economy is in a fragile state, and they don't want to be seen as raising taxes and further damaging the economy," said Douglas Kreps, managing director at Fort Pitt Capital Group. Almost all observers, however, expect some changes.

Related Summaries