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<p class="MsoNormal">This morning the IRS issued proposed regulations that provide an exception to the anti-clawback rules that would be in effect if the basic exclusion amount decreases on January 1, 2026 (or any other time, I think). You can read the proposed
regulations here: <a href="https://public-inspection.federalregister.gov/2022-08865.pdf">
https://public-inspection.federalregister.gov/2022-08865.pdf</a><o:p></o:p></p>
<p class="MsoNormal">It seems to me that ACTEC should plan to comment on these proposed regulations. Comments are due on July 26. If you are interested in working on a committee to draft these comments for ACTEC, please let me know.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Beth<o:p></o:p></p>
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<p class="MsoNormal" style="line-height:16.8pt"><b><span style="font-size:14.0pt;font-family:"Source Sans Pro",sans-serif;color:#231F20"><a href="https://www.caplindrysdale.com/professionals-bkaufman"><span style="color:#252D4D;text-decoration:none">Beth Shapiro
Kaufman</span></a><o:p></o:p></span></b></p>
<p class="MsoNormal" style="line-height:15.0pt"><span style="font-family:"Source Sans Pro",sans-serif;color:#231F20">Member<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:15.0pt"><span style="font-family:"Source Sans Pro",sans-serif;color:#231F20"><a href="tel:(202)%20862-5062"><span style="color:#231F20;text-decoration:none">t. 202.862.5062</span></a></span><span style="font-family:"Source Sans Pro",sans-serif;color:#C9C9C9"> | </span><span style="font-family:"Source Sans Pro",sans-serif;color:#231F20"><a href="mailto:bkaufman@capdale.com"><span style="color:#231F20;text-decoration:none">bkaufman@capdale.com</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#231F20"><img border="0" width="166" height="11" style="width:1.7291in;height:.1111in" id="Picture_x0020_1" src="cid:image009.png@01D85951.3CAF8AF0" alt="Caplin & Drysdale"><o:p></o:p></span></p>
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<p class="MsoNormal" style="mso-line-height-alt:9.0pt"><span style="font-size:10.0pt;font-family:"Source Sans Pro",sans-serif;color:#231F20"><a href="https://www.caplindrysdale.com/"><span style="color:#44AFB6;text-decoration:none">www.caplindrysdale.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="line-height:20.0pt"><span style="font-size:10.0pt;font-family:"Source Sans Pro",sans-serif;color:#231F20"><a href="https://www.caplindrysdale.com/contact-Washington-DC"><span style="color:#231F20;text-decoration:none">Washington,
D.C.</span></a> </span><span style="font-size:10.0pt;font-family:"Source Sans Pro",sans-serif;color:#C9C9C9">|</span><span style="font-size:10.0pt;font-family:"Source Sans Pro",sans-serif;color:#231F20"> <a href="https://www.caplindrysdale.com/New%20York"><span style="color:#231F20;text-decoration:none">New
York</span></a><o:p></o:p></span></p>
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<p class="MsoNormal"><a href="https://www.caplindrysdale.com/professionals-bkaufman"><span style="color:#32808B;text-decoration:none"><img border="0" width="13" height="16" style="width:.1319in;height:.1666in" id="Picture_x0020_2" src="cid:image010.png@01D85951.3CAF8AF0"></span></a><o:p></o:p></p>
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<p class="MsoNormal"><a href="https://www.caplindrysdale.com/vcard-bkaufman.vcf"><span style="color:#32808B;text-decoration:none"><img border="0" width="15" height="16" style="width:.1527in;height:.1666in" id="Picture_x0020_3" src="cid:image011.png@01D85951.3CAF8AF0"></span></a><o:p></o:p></p>
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<p class="MsoNormal"><a href="http://www.linkedin.com/pub/beth-kaufman/32/143/245"><span style="color:#32808B;text-decoration:none"><img border="0" width="12" height="16" style="width:.125in;height:.1666in" id="Picture_x0020_4" src="cid:image012.png@01D85951.3CAF8AF0"></span></a><o:p></o:p></p>
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