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11th Hour

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  • Posted on 23rd Sep, 2022 00:02 AM

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This story appears in the December 1997 issue of Entrepreneur. Subscribe »

Although the end of the year is quickly approaching, there'sstill time to scrutinize your tax situation and zero in onstrategies to help trim your 1997 tax liability. Year-end planningis especially critical this year because of the new Taxpayer ReliefAct of 1997. The law contains more than 800 changes and nearly 300new provisions to the code, according to CCH Inc., a providerof legal, tax and business information in Riverwoods, Illinois.

Except for a cut in the capital gains tax from 28 percent to 20percent, however, most of the new 's changes won'taffect your 1997 return. But they will impact the tax moves youmake in the new year.

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