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
Jun 23, 2021
State tax professionals must renew their focus on understanding foreign source income due to the TCJA. This article looks at potential future issues.
Mar 23, 2021
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.
Mar 03, 2021
Cut through the radio static of the aggregation regime under Section 199A with the thrilling conclusion to our short film “The Missing Deduction”.
Nov 06, 2020
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…
Sep 10, 2020
Get insight on 10 active IRS LB&I campaigns aiming to identify tax issues that present compliance risks and develop treatment streams to address them.
Sep 09, 2020
To help provide relief and encourage charitable giving, Congress included two provisions related to charitable contributions in the CARES Act.
Sep 09, 2020
Read on for notable CARES Act provisions significantly affecting the construction, real estate, and hospitality industries.
Sep 09, 2020
Read on for strategies regarding effectively transferring wealth to future generations amid COVID-19.
Mar 20, 2020
On March 19, 2020, U.S. Senate Republicans released draft legislation—the Coronavirus Aid, Relief, and Economic Security Act (CARES Act)—to provide emergency assistance and health care response for individuals, families and businesses affected by…
Dec 16, 2019
December 16 – U.S. International Tax Update Seminar in Hong Kong, Monday, December 16, from 10 a.m. to noon, Mazars, Hong Kong.
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.
