2017 Tax Year-In-Review
As 2018 begins, taxpayers and tax professionals are trying to sort through the countless changes that have just been made. We offer an in-depth overview of what exactly those changes mean, looking back on 2017. A review of the most significant developments of 2017 starts with the Tax Cuts and Jobs Act of 2017, the first major “tax reform” law enacted since 1986. In spite of its overall drive toward a “more simple tax code,” the new law has already created confusion over many of its provisions for individuals, and even more so for businesses.