And now here we are.
We have spent the last couple months with a lot of what-ifs dominating the tax landscape ahead of President Donald Trump’s inauguration. And now … well, Trump is the president and we are still full of the same questions. This certainly is not to say that now nothing is going to happen, there is just a time element here that we must let play out. It takes no more than a one-day look after the inauguration to see how promises and rhetoric can both come right through but also be kicked down the road. Pardons certainly got some immediate mention but those day-one tariffs got a few more days attached to them. And taxes, well, we can at least be more certain now that the IRS isn’t going to get pumped up with new funding and employees. Beyond that, policy is probably going to still take some time before it even creeps its way to the top of the to-do list. So yes, we are here, but as we have been saying for a while now, we can’t take sweeping actions before more is known. So at least now hopefully some of the waiting jitters can ease as we settle into a new cycle and see where it takes us. Warmly, Josh Bousquet Connect to Us ~ Facebook ~ Twitter To ensure we don't make the folks at the IRS ornery, we inform you that any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein.
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