Even if there are no new laws from President-elect Trump and the Republican-controlled Congress, practitioners still will have to cope with a number of changes that go into effect for the first time this year or apply for the first time for tax returns filed this year.
Although the year is ending soon, it's not too late to implement some planning moves that can improve a client's tax situation for 2016 and beyond. This article reviews some actions that clients can take before December 31 to improve their overall tax picture.