Instead, the family of Bradstreet & Company would like to wish you and your family the most joyous holiday season and best wishes for 2012.

As another year comes to an end and the upcoming tax filing season looms before us, we wanted to send you this short list of the ever-changing tax laws. This is only a partial summary of what to expect this year. Please call us if you have any questions.

The RMD rules apply to all employer sponsored retirement plans, including profit-sharing plans, 401(k) plans, 403(b) plans and 457(b) plans. The RMD rules also apply to traditional IRAs and IRA-based plans such as SEPs, SARSEPs and SIMPLE IRAs.

Several months ago (see TTW #90) we told you that the requirement for all businesses to issue a 1099-MISC to any entity to whom they paid in excess of $600 was repealed. (Remember, this was the rule that would have required a small business owner to issue a 1099-MISC to Best Buy if they bought a computer from them). This reporting requirement also applied to those that had rental properties.

Congress recently passed legislation repealing a provision that would have required federal, state and local governments to withhold 3% of any payments over $10,000 from government contractors and certain other vendors. The provision was intended to combat tax avoidance, but critics argued that it would restrict the cash flow of businesses and was too costly to implement.

As we said when we started this series of year-end strategies, you should normally look at the current year and the next year when doing your planning. This year, however, you should also take into account some of the future tax law changes that may occur.