Sweeping tax reform changes are in effect for 2018 under the newly enacted Tax Cuts and Jobs Act (Act). The Act reflects the biggest tax reform in over three decades, and it creates unprecedented planning opportunities. Although continued study of the Act will undoubtedly reveal additional opportunities for you, your family, or your business, here are some immediate impressions.
Attached is a letter detailing the opportunities and changes made from the new tax act. In this document you will find detailed information covering numerous areas of tax law and considerations to make for your family and/or business.