Known Unknowns: Tax Planning Amid Uncertain Law Changes

“How can I advise my clients on tax planning when there is so much uncertainty about future tax laws?”

This is a question financial advisors are asked on a daily basis. If this is a question you have asked yourself, consider asking this instead: When has the tax code ever had certainty? Asking the tax code to have certainty is like asking the stock market or interest rates to just sit still for a few years. Compared to the markets, the tax code is the most stable piece of a client’s financial life, as it only tends to change once or twice per administration.