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Friday, June 1, 2018

Tax Planner: Drive Wealthy Clients Through "Gaping Hole” in Tax Code [feedly]

Tax Planner: Drive Wealthy Clients Through "Gaping Hole" in Tax Code
https://www.cbpp.org/blog/tax-planner-drive-wealthy-clients-through-gaping-hole-in-tax-code

Tax planning experts working for wealthy clients are already developing strategies to take advantage of the 2017 tax law's new 20 percent deduction for certain pass-through income — or income that owners of businesses such as partnerships, S corporations, and sole proprietorships claim on their individual tax returns instead of paying the corporate tax. As one expert recently advised a conference for personal financial advisers:

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