A long, cautionary note before getting to this article’s topic. It’s no secret that clever lawyers and others can invent new tax-saving strategies. In recent years, some of them have actually patented their techniques.

One more thing on top of which to stay. (Do you think that you’ll catch me ending a sentence with a preposition?) Lawyers, in addition to keeping up with the ever-changing laws, have to be sure that advice given to clients doesn’t infringe a tax-strategy patent. It’s no defense that the lawyer was unaware of the patent and came up with the strategy on his or her own. So granted patents and patent applications should be researched.

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