Every election cycle, and especially this year, brings uncertainty. There are strategies that can be employed before the turn of the year which may not be available afterward.
-Potential changes in government could lead to changing
tax laws and opportunities.
-There is precedent for laws to have retroactive effect.
-Due to anti-claw back regulations of the IRS, a gift made this year will take advantage of present laws and will not be reviewable.
-Forewarned is forearmed, get informed on possible strategies ahead of the election.
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