Three Challenges for Tax Reform in 2022

In 20 21, a lot was written and said about aligning the income tax and transfer tax treatment of trusts ignore grantor trust status. Valuing assets held in an entity like a partnership or llc on a look through basis as if they were not in an entity at all,. treating gifts and transfers at death as realization events. Although unlikely to be brought back in 20 22, these proposals could be revived in the future by the right combination of political pressures, policy concerns and fiscal needs.