As we move closer to year end, the possibility of the sweeping tax law changes is becoming a greater reality. Below are some thoughts to consider, based on the draft bill released on Sept. 13 – all, some or none of which may be included in a final bill:
• Increasing individual tax rates
• Estate and gift tax changes
• Increasing corporate tax rates
• Increasing tax on Pass Through Entity income
We cannot predict the future, but some changes are coming. Proactively planning now may result in substantial tax savings for you, your family and your PR business. Learn more here.
– Michael Belfer, Anchin