This is a discussion questions. A paragraph will be enough. Please explain in your own words.
If there is a tax provision pending before Congress that will negatively effect a transaction of a client, what would you advise your client to do?
In this environment, I would advise my client to complete the transaction before the onset of the new tax provision, and/or possibly seek remedy by seeking a loophole in the tax law that would circumvent the negative effect of the new or oncoming tax provision.