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.