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https://www.wsj.com/articles/crack-and-pack-how-companies-are-mastering-the-new-tax-code-1522768287 Pharmacy owner Cliff Holt, in black shirt, hopes to benefit from the new tax law. Bridget Bennett for The Wall Street Journal Crack and Pack: How Companies Are Mastering the New Tax Code Businesses seeking to lower their 2018 bills are splitting in two, changing their legal status and reclassifying workers Pharmacy owner Cliff Holt, in black shirt, hopes to benefit from the new tax law. Bridget Bennett for The Wall Street Journal Dallas attorney Garry Davis plans to break up his immigration-law practice. One firm will have all the lawyers. The other will record the profits. It’s just one of many strategies businesses are exploring as they pore over the biggest rewrite of U.S. tax rules in decades. Mr. Davis’s approach, which some have dubbed “crack and pack,” seeks to get around a provision denying high-earning lawyers, doctors and other professionals a tax break available to plumbing contractors, restaurateurs and architects. © 2018 Dow Jones & Company , Inc. All Rights Reserved.
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