When they got their first glimpse of their tax returns bottom line this year whether they were due a refund or owed m oney lots of affluent taxpayers felt a jolt. That feeling is likely to repeat, although advisors can help their clients better prepare for their tax burdens.
Many of our clients were surprised to see how much more they owed in tax for 2013 when their returns were prepared this year, says Michael Eisenberg, a CPA who heads a financial advisory firm in Los Angeles. Some received much smaller refunds than they expected. Theres a lot of interest in seeing what can be done to hold down future taxes.
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