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The Internal Revenue Code of 1986 is 18 years old today. At the time it seemed like a confusing and difficult work. Compared to today's version of the '86 code, suffering from 18 years of poorly thought-out and expedient amendments, the 1986 product looks like a model of simplicity and sound tax policy.
Raise a glass with us to a bygone day when sound tax policy seemed to matter.

October 22, 1986: President Reagan signs the Tax Reform Act of 1986.
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Joe Kristan writes the Tax Update items, and any opinions expressed or implied are not neccesarily shared by anyone else at Roth & Company, P.C. Address questions or comments on Tax Updates to