Tax Reform Watch

Tax reform is part of the Trump Administration's initiative to create jobs and boost economic growth in the United States. President Trump signed into law on Dec. 22 the Tax Cuts and Jobs Act, which was the biggest overhaul of the tax code in decades. Parts of the new law include lower taxes for corporations and reducing the number of personal income tax brackets. This series focuses on the development of the law and what the accounting and tax community has to say.

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I’ve spent a lot of time and written a lot of articles praising the Tax Cuts and Jobs Act of 2017. However, there are some real bad things...
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Honestly, it’s not that long ago that the new tax law was codified, and I must have spent three days going through it. If you are anything...
The newly signed Tax Cuts and Jobs Act overhauls the Internal Revenue Code and provides broad tax relief to workers, families and...
I recently returned home after having my third back surgery. So, I was home recovering and catching some college basketball when news on...
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As the Tax Reform bill inches closer to the President’s desk, the latest version of the bill still leaves more questions than answers,...
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As the House and Senate reconcile their versions of the tax reform bill, there are certain provisions that warrant the attention of...
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The Senate and the House of Representatives, both controlled by the GOP, will begin work Monday on reconciling the differences between each...
I wrote this on November 8 on the first draft of the conclusion of my five-part series on the Republican Party's tax reform plan: Do I...
On Thursday, the House passed its own version of the tax reform bill, and the Senate will now take up the vote on its version of the bill,...
We discussed the various business provisions of the Tax Cuts and Jobs Act released by the House Ways and Means committee in Parts 1 and 2...
In the first of this five-part series , we explored some provisions of the Ways and Means Committee’s tax reform bill. We focused on C-...
Last week, the House Ways and Means Committee released their long-awaited tax reform bill. Note that this is only a bill and is just a...
Accounting professionals must be cognizant of 2018 tax changes because the way they work with organizations to procure equipment can have a...
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As the Republican-controlled House continues to make hurried, last minute edits to its tax reform bills before bringing it to a vote,...
The Trump Administration’s tax overhaul plan would be just about revenue neutral in ten years’ time, as revenue loss from tax reductions...
Chairman of the House Ways and Means Committee Kevin Brady revealed details of the Republican tax reform bill last week. The package, now...
On Thursday, the GOP released the draft for its planned tax reform legislation which would significantly alter the tax code with numerous...
First of all, let’s discuss Social Security for a second. My personal thoughts are that I will never see my benefits in any way, shape or...
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The following is a statement from Small Business Majority Founder & CEO John Arensmeyer on why tax legislation released today by the U...
The debate surrounding tax reform is on par with the one around healthcare and now President Trump and the GOP have a chance to push their...
Tax reform has been in the works behind the scenes for months (and some parts of it for years), but it has now been released to the public...
With corporate tax reform still very much on the table, advocacy group Alliance for Competitive Taxation (ACT) has weighed in with a reform...
However bitterly divided Congress continues to be on hot-button issues like immigration, voter registration and abortion, it’s a given that...
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On one particularly relaxed day, I grabbed a Cohiba and thought that I would catch up on all of the tax-related emails that I get. I...