Subscribe to LexTalk to stay on top of today’s legal issue and trends.
Catapult Your Career |
Industry Insights & Trends |
Product Training & Tips
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.
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