Tax Reform Resource Center
Tax Reform News & Information
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 & provisions below.
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BKD 2019 Year-End Tax Advisor
You'll now find the trusted year-end tax planning advice you need in a new easily navigatable format that's easy to access on a computer or a mobile device.
Tax Basis Planning After the TCJA
The Tax Cuts and Jobs Act’s passage resulted in many changes that need to be accounted for when planning for tax basis. Read on for some recommendations as the next filing season approaches.
Year-End Planning for Businesses: Accounting Methods
When conducting year-end planning, business taxpayers should consider their accounting methods. The Tax Cuts and Jobs Act (TCJA) provided many taxpayers with new opportunities to use more advantageous methods, and several previously existing…
2019 Individual Tax Year in Review
The Tax Cuts and Jobs Act had a significant effect on individual taxpayers, with recent guidance helping clarify some issues that were initially surrounded with uncertainty. Read on for details.
Guidance for GILTI High-Tax Exception
Newly issued proposed regulations include a new global intangible low-taxed income (GILTI) high-tax exception election that would apply to any high-taxed controlled foreign corporation income that would otherwise be tested income and change the…
2019 Charitable Tax Planning Reminders
There are myriad tax benefits for those who give money or property to charitable causes. Read on to find out how you can plan for these benefits effectively.
2019 Business Tax Year in Review
The business environment continues to change for taxpayers across the country. Take a look at this summary of some recent tax developments business owners should consider for the upcoming filing season.
Student Loan Repayment Programs: What Are They & How Will the IRS Respond?
Some employers are starting to offer programs to help employees with student loan debt. The IRS is expected to issue guidance on these programs, but details are unclear at the moment. Read on for more details.
2019 Information Reporting Reminders
There are a variety of transactions in which a taxpayer participates that require filing a tax information return. Read on to find out more.
Update on Evolving Remote-Seller Nexus Thresholds
After the U.S. Supreme Court upheld South Dakota’s economic nexus provisions for sales tax in 2018, many other states have modeled their own legislation after the decision. Read on for details.
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.
