Tax Talk Innovative And Provocative

Good news- The new Budget is keeping the Presidential loopholes of the last. 30 years .  This broadcasts will explore the biggest tax savings for small business and investors. Every President places his favorite tax loopholes into the IRS regulations.  It is easy for a President because he is the boss of the IRS and the Department of the Treasury (the President runs the Executive Branch of the Government). I hunted and pecked my way through all 250 pages to select the best for the biggest to the silliest... such as the golf cart energy tax credit. Tax planning is looking down the road, around the curve, for the next big set of loopholes.  Every tax bill that I have seen has had new tax loopholes. The "Press" will tell you that that this bill has closed abusive loopholes and its is tax reform. However, one parties abuse is the other parties economic incentive. So, your tax planner goes with the current (as you may know, I am a river rafter in my free time) and does not paddle upstream. This episode of Tax Talk