Tom Ochsenschlager, vice president-taxation at the AICPA, describes some ways that CPA tax advisers can help clients take advantage of relief initiatives. For example, Ochsenschlager explains how owners of Section 529 plans can recognize an ordinary loss, rather than a capital loss, from the qualified tuition programs. "It is an opportunity for many people to go in, take the loss and then reinvest the proceeds in a new 529 plan," he said.

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