As we are sure you know, H.R. 1, informally known as the Tax Cut and Jobs Act, became law on December 22, 2017. This new law will impact almost all taxpayers. Ballard Spahr's Tax Group has prepared a detailed summary of significant provisions of this new law relating to the 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.
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.