With every change in presidential administration comes the possibility of significant tax law amendments. President-elect Biden’s proposed tax plan suggests a large overhaul of the current regulations, and institutions need to begin assessing the necessary tax planning opportunities to align with the possible new laws. The market is predicting that Biden’s proposed tax plan will significantly reverse much of President Trump’s tax act set in 2017 - meaning that taxes will likely increase, and institutions will have to plan accordingly. In this session, we’ll take a look at what might occur after the enaction of Biden’s plan (though subject to change), how you should prepare for these amendments, and strategies to handle tax reform reductions. Charles J. Frago, CPA, Principal - Wolf & Company, P.C. Recorded June 14, 2021
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