McGraw-Hill's Taxation of Individuals 3rd Edition by Brian Spilker,Benjamin Ayers,John Robinson,Edmund Outslay ,Ronald Worsham,John Barrick,Connie Weaver

Exercise 5

Yong recently paid his accountant $10,000 for elaborate tax planning strategies that exploit the timing strategy.Assuming this is an election year and there could be a power shift in the White House and Congress, what is a potential risk associated with Yong's strategies