Everything You Need To Know About The Tax Cuts And Jobs Act

Posted on 01-04-2018 by
Tags: Tax Cuts & Jobs Act , taxes , tax reform , tax


 

Full Analysis: Tax Cuts & Jobs Act


The Tax Cuts & Jobs Act was finally passed in late December. While the Treasury Department is sure to issue guidance in the coming weeks and months, you can get a head start with the full analysis of new law below.


Treasury Department Is Going To Be Busy

H.R. 1, the Republicans’ $1.5 trillion tax cut bill that President Donald Trump signed on Dec. 22, less than two months after it was unveiled, includes multiple ambiguities and errors that need to be interpreted by the Treasury and the Internal Revenue Service or resolved through future technical correction bills. Meanwhile, the Treasury has embarked on an agenda to cull more than 200 as-yet unspecified regulations that it has deemed to be obsolete, unnecessary or confusing. This is in addition to eight identified Obama-era rules that the Treasury intends to amend or revoke to simplify the tax code. Federal Tax Policies To Watch In 2018, Law360, January 1, 2018

Read the section-by-section analysis of the Tax Cuts and Jobs Act, plus debate from the House and Senate:




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