As we are sure you know, both the U.S. House of Representatives and Senate have passed their own versions of tax legislation, known as the Tax Cuts and Jobs Act. The two different bills will be reconciled in a conference committee. The Tax Groups at Ballard Spahr and Lindquist & Vennum have prepared a detailed summary of the significant provisions in these bills relating to taxation of individuals, partnerships, corporations and other businesses, tax credits, exempt organizations and international tax aspects.

Please click here to view the bulletin. If you have any questions about tax reform, please contact a member of Ballard Spahr's Tax Group or Lindquist & Vennum's Tax Group.

Please visit our Tax Reform Alert Center for the latest details, including a significantly more detailed discussion and analysis of nearly all provisions of the bills.

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This alert is a periodic publication of Ballard Spahr LLP and is intended to notify recipients of new developments in the law. It should not be construed as legal advice or legal opinion on any specific facts or circumstances. The contents are intended for general informational purposes only, and you are urged to consult your own attorney concerning your situation and specific legal questions you have.

Tax Truths: Volume 2 - December 2017

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