12 Feb Tax Reform: What to know to Advise Clients
On December 20, 2017, Congress passed a sweeping tax reform bill (Act) that changes the planning landscape for corporations, small businesses, and individuals. President Trump is widely expected to sign the Act into law by year-end. Republicans claim that the Act will usher in a new era of economic growth that will benefit all, while Democrats have criticized the Act as disproportionately benefiting the rich and increasing the national deficit. Regardless of political persuasion, the Act is unquestionably the biggest tax reform in over three decades and has consequences for almost all sectors of the American economy. It creates unprecedented planning opportunities for both individual and business clients.
Jeramie J. Fortenberry, J.D., LLM Director of Education, Wealth Counsel
To read more, please follow the link below: