Results of a recent poll conducted by the financial services firm of Morgan Stanley show that more than half of American taxpayers plan to seek financial advice regarding the ways in which the new tax laws affect their personal finances. Furthermore, 40 percent of those surveyed said they are very likely or somewhat likely to consider finding a new source of information about the tax laws.
Morgan Stanley interviewed 1027 adults, a group made up of 514 men and 513 women 18 years of age and older living in private households in the United States.
"Even though the new tax laws mean new investment opportunities to millions of Americans, this survey demonstrates investors need help to understand the potential benefits to their investment portfolios," said John Schaefer, President and COO of the Morgan Stanley Individual Investor Group.
The survey results underscore the potential for tax planners and financial advisers to provide focused services regarding the new tax legislation.
AccountingWEB Members can Order the Client Tools for Economic Growth and Tax Relief Reconciliation Act of 2001.