On the campaign trail, Donald Trump promised to reform the complex Tax Code, and now that he’s in office, some taxpayers are turning to their tax professionals for insight and advice about what to expect.
“Some [clients] asked on Nov. 9,” said Morris Armstrong, an Enrolled Agent and registered investment advisor at Armstrong Financial Strategies in Cheshire, Conn. “My clients are really wondering when [Trump] will put forth his plan, but then I have to explain to them that he first needs to get the key people to agree and then draft legislation, and then have the Senate come up with a similar version and then come up with something that all can agree on and that he feels will be best for the country.”
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access