The final GOP tax bill passed by the House and Senate became law on December 22, 2017, with President Trump’s signature. Wolters Kluwer Tax & Accounting has monitored legislation developments every step of the way and has published its updated tax briefing, “Tax Cuts and Jobs Act,” with analysis of the tax implications.
The tax bill is a sweeping overhaul of the tax system and includes significant changes from previous versions of the House and Senate tax reform bills. Importantly, taxpayers will want to be in the know of these latest tax reform developments so they can take maximum advantage of the changes being brought about by the legislation. There’s still time to take action in the remainder of 2017 or 2018 to maximize the timing of revenue recognition and tax deductions and credits claimed.
Get the latest on tax reform developments by downloading the briefing, “Tax Cuts and Jobs Act.”