At the eleventh hour on New Year’s Eve, Washington negotiators reached a compromise to avoid the “fiscal cliff” – the looming combination of tax increases and spending cuts that threatened to throw the country back into recession. The fiscal cliff compromise included a number of favorable estate and gift tax provisions. However, the compromise also left Congress with a short-term need to address other deadlines and a lingering desire to enact comprehensive tax reform. Addressing those matters is likely to lead to further wealth transfer tax changes, some of which might restrict current gifting techniques. This white paper discusses . . .
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Good reads on tax reform status, strategies and challenges.
About 2 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Andy shares stage w/ Raymond James CEO Paul Reilly. Discussion included tax reform, DOL and potential govt shutdown. ow.ly/UOXF30bgsNU
GOP status re "Obamacare" repeal and replace efforts: Freedom Caucus signing on, but will moderates sign off? ow.ly/y84730be35C
About 3 days ago from TheWashingtonUpdate's Twitter via Hootsuite
Infrastructure deal impact ow.ly/zeNe30be2th
Biz winners/losers ow.ly/3bix30be2Do
CBO finds Fed Ees are more richly compensated, ON AVG, compared to pvt sector employees. Education biggest variable. ow.ly/mt7P30bbRBq
About 4 days ago from TheWashingtonUpdate's Twitter via Hootsuite