House GOP “Tax Cuts and Jobs Act”

House GOP “Tax Cuts and Jobs Act”

The proposed tax reform legislation of the House GOP “Tax Cuts and Jobs Act” presents a unique challenge for yearend tax planning with the possibilities of what changes might be made, and whether those changes will be retroactive for 2017.

Uncertainties will become clearer as the legislative process develops, but for now, taxpayers should prepare a variety of tax strategies and be ready to act.

If you would like to discuss your situation, or have questions about how these changes could affect your business or individual income tax filings, please contact our professionals at 859-331-1717.

Wolters Kluwer Tax Briefing House GOP “Tax Cuts and Jobs Act”