Be Prepared for Tax Hikes in 2011

Ow, my aching wallet... time to face the inevitable. Taxes are going way up in 2011. And not just for those who earn over $200,000. The tax increases will hit businesses AND individuals. shares the following predictions on Tax Hikes for 2011.

Probable Hike for Individuals

Probable Hike for Businesses

What does it all mean? The time is now to get prepared for 2011. If you're not in compliance with the IRS and you owe money, you must get your debt situation taken care of so you can have money set aside for the next round of taxes. It's a big blow to our finances, but preparation is the key to preventing future IRS issues. Now is a good time to look into working with a tax resolution professional or reputable CPA for handling your tax issues.