"Some may want to accelerate income into 2012 and defer deductions until 2013," he said.
The end of 2012 has been busier than most for tax professionals, who are planning for uncertain events, Robey said Monday morning. He noted he would be in the office throughout the day.
"We're not sure at this hour what's going to happen for the 2013 tax year. In all likelihood, for the majority of clients we serve, their tax rates will be going up in 2013," he said. "We're having to look at things differently."
Secretary of State Natalie Tennant's office was open Monday for business owners who wanted to get paperwork done before the end of the year.
The end of the year is a popular time for business owners to file paperwork to either start or dissolve their businesses, spokesman Jake Glance said. That's because if business owners operate during any part of the year, they must file annual reports for that year. Business owners who dissolved their businesses before Tuesday do not have to file annual reports for 2013, he said.
On the last business day of 2011, Tennant's office had about 150 filings, Glance said. About 25 of those were dissolutions.
Also on New Year's Eve, Tennant's office generated tens of thousands of identification numbers for West Virginia businesses to file their annual reports online. Those businesses that wait until the first of the year to file their paperwork won't get their numbers until the end of 2013.
There are about 80,000 limited liability companies and corporations in West Virginia, Glance said. This year, 50,000 of them filed their annual reports online.