The 2017 tax reform legislation colloquially referred to as the Tax Cuts and Jobs Act (the Act) made some significant changes in the taxation of individuals, and these changes have already begun to generate new planning...more
2/7/2018
/ 529 Plans ,
Alternative Minimum Tax ,
Child Tax Credit ,
Estate Tax ,
Gift Tax ,
Income Taxes ,
Itemized Deductions ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Planning ,
Tax Rates ,
Tax Reform
Many years ago, Duke Ellington wrote the music to "Do Nothing 'Til You Hear From Me", and this remains good advice when deciding what to do about the new tax law. There are many changes in tax provisions that will take effect...more
It now seems more likely that a tax bill of some kind will be passed by Congress this year. One prominent DC tax lobbyist told me: "This is happening." Whether or not you agree with all of the provisions now being offered...more