What Happens If We Go Over Fiscal Cliff


The American Institute of CPAs has released a Fiscal Cliff Series that provides a brief, objective  and non-partisan fact sheet on each of the following tax topics:

Each fact sheet describes the tax provision in question, explains what will happen if we go off the fiscal cliff, identifies who will be affected by the cliff, discusses whether the provision can be dealt with after January 1, and provides an AICPA comment and additional resources.