Both Drossman and Gordon recommend a simple strategy for those investors who are lucky enough to be sitting on Treasury bonds that they bought a few years ago.

FORBES: Sidestepping Taxes

"You would have thought we would have had some certainty by this point, but as we get closer to Dec. 31 the uncertainty seems to be getting greater, " sighs Mitchell Drossman, national director of wealth-planning strategies with U.S. Trust.

FORBES: Magazine Article