The IRS is still issuingguidance to explain and provide details on the law, which means taxadvisers have some leeway — and uncertainty — in interpreting thelegislation. (Photo: Shutterstock)
(Bloomberg) –President Trump pledged that his tax law would kill off breaks and complex loopholes for thewealthy. Instead, the overhaul has ushered in a new generation ofmaneuvers that taxpayers can exploit before Dec. 31 to minimizenext year's bills.
Some tactics capitalize on provisions in the law that provide benefits,such as a generous break for owners of pass-through entities likepartnerships and a higher exemption amount for the estate tax.
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