Even if many of the administration's tax proposals are unlikely to pass muster in Congress, analyst Andy Friedman suggests that wealthy taxpayers take advantage of popular wealth-transfer techniques that may not survive the next round of negotiations to raise the nation's debt ceiling. In a white paper published in The Washington Update, Friedman singled out loophole closers such as the popular "stretch IRA" and wealth-transfer devices such as grantor retained annuity trusts, intentionally defective grantor trusts and dynasty trusts as those likely to be affected. Register for today's Web seminar (1 to 2:15 p.m. ET) from the AICPA PFP Section to learn more about the administration's budget proposals and how they would impact your individual clients.

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