New Changes in Year-End Tax Legislation

Dear Friends, Colleagues, and Clients, Congress approved the debt ceiling bill and on August 2, 2011 President Obama signed the Budget Control Act of 2011 (Senate Bill 365, as amended). This calls for a new Joint Committee to weigh year-end tax legislation. Many of the widely used tax reduction tools and strategies will be under review by the Joint Committee. If you may benefit from entity discounts, GRATs, intra-family sale transactions, dynasty trusts or a host of other planning benefits that have been previously discussed for restriction […]

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