Private Wealth magazine interviewed Partner Carolyn Mazzenga for an article about how President-elect Donald Trump's proposed tax plan will effect high income earners.
Private Wealth Magazine
By Carol J. Clouse
“So I would probably advise clients to continue to defer income since rates [under Trump’s plan] will go down,” says Carolyn Mazzenga, the partner-in-charge at accounting and advisory firm Marcum in its Melville, N.Y., office. “I might also recommend accelerating deductions such as contributions, interest and taxes, since the Trump proposal includes a limitation of itemized deductions. A tax projection should be done, though, before you implement.”