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Rich Americans are already trying to exploit new tax law

The legislation changes incentives on homeownership, commuting and marriage

Ben Steverman | Bloomberg 

It turns out the new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice. “They made it a lot more complex for a lot of people,” said Jody Padar, chief executive officer of New Vision CPA Group in Mt Prospect, Illinois. Clients are already asking how to exploit the changes, according to certified public accountants, lawyers and financial advisors. In some cases, the best advice is clear. For others, especially business owners, tax experts are scrambling to understand the full implications of the ...

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First Published: Mon, December 25 2017. 02:25 IST
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