Every indexed document

repealing the estate tax would suggest that the gift tax would also be repealed.

the federal tax rate is 40%. If an appreciated asset is includible in the estate

the federal exemption for estate and gift tax is $5 million

then you could let the 2016 conversion remain. If 2017

changes in the market value of the retirement funds and

the normal rules will provide a chance to review whether 2016

a grant of restricted stock will be taxed when it vests

a nonqualified compensatory stock option’s value will vary with the changing value of

an installment sale in 2016 could allow you to wait until

you can also elect to be taxed in the year of sale rather than

and there are several special rules. For example

meaning gain can be deferred into the year in which payment is received.

sometimes it can make sense to recognize some income (or deductions) in one year and

2017 or even 2018. Each taxpayer needs to make an educated prediction. If there

so we cannot offer a universal rule as to whether income or deductions

income tax planning is (i) timing income so it is recognized in a lower‐tax year

000 for joint filers); the House Republicans would eliminate itemized deductions other than charitable gifts

or 16.5%. Both President‐elect Trump and the House

it would appear that Republicans could pass tax legislation in the Senate with just

a simple majority is sufficient to pass legislation. It is more complicated in the Senate