The Treasury Department recently prepared to release regulations to close a gap in tax abuses by the privileged.
“The Treasury Department has moved a step closer to tightening the way family limited partnerships are valued for tax purposes. And the prospect that the tax code could be changed by the end of this year has tax planners pushing their clients to consider stepping up estate and business planning, or risk paying more taxes.”
If there is a group that needs to find a new job it is those accountants and lawyers whose main business is to help those with the most, pay the least!
Any suggestions on incentives or regulations to get the wealthy on the same page as the rest of us?