let's bring in jeff levin. blueprint wealth alliance.any people are getting a nasty surprise, by the way >> it's a lot of people. even if we say 80% is paying lower taxes thanks to this bill, still means 20% will be paying more and 20% times a really big number is a lot of people who are going to be upset this year. >> some of your clients presumably >> yes, similar to the relative value of the country, most having lower tax bills this year but certainly some of them are higher and saying, how could this be? i thought this tax rate was supposed to lower taxes for middle america and middle income americans like he. >> what are some of the reasons they find ending up with the higher bill? >> we had an elimination of the personal exemptions. so many changes. it's hard to look at one single thing and say, this is why your tax rate increased or decreased. when you have a simple bill, oftentimes, you can do that but this was the largest change to the tax code in more than 30 years. and so you could look at one area and say, well, this negative

. >> i'm sure it's good for your business jeff levin, thank you. >>> that does it for "the exchange." i'll join tyler and melissa on "power lunch" which begins right now. >> see you shortly i'm melissa lee with tyler mathisen new at 2:00, stocks sinking again. keep buying on this dip or buyer beware growing concerns ahead of next week's crucial trade talks with china. what's the state of play amazon in the spotlight. jeff bezos' accusation of blackmail and word at new headquarters in new york could be in jeopardy all the details. "power lunch" starts right now >> melissa, thank you. welcome to "power lunch. i'm tyler mathisen major average is down now for a third consecutive day. that's the first time that has happened so far this year. we are, however, off the session lows as you see over my shoulder at one point, the dow was down 286 points goodyear tire and hasbro among the worst performing stocks today and got more on hasbro and troubles in toyland ahead. in the meantime, let's get straight to what's driving the slide at this hour bob pisani tracks the action from the new york sto

haven't done, and it doesn't spend that money wisely so why give them more >> here's the question jeff levine is with us as well ceo of bluefin alliance. is it possible that if they add to staff later on they go back -- what's the period? three years that they can do an you had a senior citizen longer? >> generally three years in some cases if you severely underreport your income it can be extended out to six years and if you're committing fraud there is no statute of limitations they can go back indefinitely. >> somebody who thought i kind of got away with it now. >> they wouldn't go back and look at 2018-'19 returns you would have to do something wrong three years from now to say i have a reason to go back it's only when they catch you at something that they then go back. >> as long as people just do it once. >> exactly. >> this year is the year to do it. >> i can see is it true they might be waiving some of the penalties if you under -- what's the right word, underpaid because people are so confused >> yeah. they did give us a little bit of a window where instead of having 90% paid in you