The Senate Finance Committee has recommended they start tax reform with no tax breaks at all, then have other Senators make suggestions on tax breaks to add. This isn’t going to be pretty. See this posting in AccountingToday by Michael Cohn for more details:
http://www.accountingtoday.com/news/Senate-Finance-Leaders-Offer-Blank-Slate-Approach-Tax-Reform-67276-1.html?ET=webcpa:e7311:204199a:&st=email
Gee when the Senators are done adding suggestions, maybe the tax code will be larger than it is now!
For financial, accounting and tax musings,
You can count on us to count for you!
email bstonercpa@sbcglobal.net phone 818-317-6035 Website www.briantstonercpa.com 