Tax Topics, January 2017

On January 20, 2017, Donald J. Trump was sworn in as America’s 45^th president. Wasting no time, President Trump has already signed some executive orders, one of which freezes federal regulations pending further review (what this means for various tax regulations, including the proposed valuation discount that the IRS issued in August 2016, is currently unclear). As we wait to see what develops, it is a good time to update a prior discussion focusing on the planning basics and “good housekeeping,” rather than on taxes per se.