Tax Code Clarity
On December 22, 2017, President Donald J. Trump signed the tax legislation informally known as the Tax Cuts and Jobs Act (TCJA) into law, representing one of the largest overhauls of the Internal Revenue Code in more than 30 years. Many TCJA provisions took effect January 1, 2018, and affect virtually all U.S. , including individuals, businesses, exempt organizations, and trusts and estates. BKD’s trusted tax advisors are here to clarify the revised tax code and help you understand how the most significant changes may affect you. Check out some of our latest tax reform news, information, and provisions below.
Filter All Tax Reform Thoughtware
An overview of BKD’s Tax Advisor to assist with your year-end planning decisions, provide helpful reminders for the year ahead, and get you caught up on tax news you may have missed.
The Alabama Tax Tribunal recently ruled that taxpayer Reynolds Brands’ challenge to the state’s application of its factor-nexus standard may proceed.
The California Franchise Tax Board recently issued important guidance on determining unity in pass-through entity structures in its Legal Ruling 2021-01. Read on for more details.
The U.S. tax code continues to evolve as new legislation is released and revisions and clarifications to the Tax Cuts and Jobs Act are continually issued. Be sure you’re ready—start by downloading our Quick Reference Chart, which is up to date for…
California Gov. Gavin Newsom recently signed a budget trailer bill that creates an elective pass-through entity tax, among other tax changes. Read on for more details.
Read on for an overview of Ohio’s recently enacted House Bill 110, including important sales and use tax changes taxpayers should consider.
State tax professionals must renew their focus on understanding foreign source income due to the TCJA. This article looks at potential future issues.
Read on for an overview of the Section 163(j) business interest expense limitation, how it applies to dealerships, related sunsetting provisions, and items to consider for 2021.
Cut through the radio static of the aggregation regime under Section 199A with the thrilling conclusion to our short film “The Missing Deduction”.
The U.S. tax code continues to evolve as new COVID-19 legislation is released and revisions and clarifications to the Tax Cuts and Jobs Act are continually issued. Be sure you’re ready—start by downloading our Quick Reference Chart, which is up to…
Specialized Resources
Simply Tax® Podcast
Simply Tax® cuts through the static of the tax world and doesn’t waste your time by needlessly tossing around 10-dollar terms and citing code sections. Host Damien Martin has a knack for boiling down complex issues for business professionals who need a trusted advisor to help strengthen their tax mind.
Other Resources
Here’s a collection of some other helpful resources we recommend dealing with the Tax Cuts and Jobs Act (TCJA).
TCJA Tax Charts
Compare significant provisions of the TCJA to previous tax law. Unless stated otherwise, these provisions generally apply to tax years beginning after 2017.
