Changes in federal tax laws touch broad constituences

How do you spell relief?It˜s being spelled in many different ways, for many different contituencies, thanks to the Taxpayer Relief Act of 1997, passed this year by the Republican-dominated Congress and signed into law by President Clinton, a Democrat.
"Over the next five years, every citizen should benefit, either directly or indirectly," said John Knezovich, a certified public accountant with Knezovich & Williams in Fort Collins.
The immediate beneficiaries of the tax-law changes will be individuals with homes and other investments, parents with children to care for and educate, families with more land than liquidity in their estates, and closely…