After months of discussion and negotiation, comprehensive tax legislation commonly known as the Tax Cuts and Jobs Act (“the Act”) was signed into law by President Donald Trump on December 22, 2017. In general, its provisions, which encompass more than 500 pages, became effective January 1, 2018. However, careful attention should be paid to each provision’s effective date and expiration date. Some provisions are permanent, while others will expire.
If you have any questions regarding this article, or if you need further assistance regarding your unique financial or tax situation, send us an email at info@zagmoutcpas.com, or call us at (312) 239-3716.
To learn more, visit Zagmout & Company CPAs at www.zagmoutcpas.com.
Disclaimer:
The content herein is for illustrative purposes only and does not attempt to predict actual results of any particular investment. Diversification does not guarantee a profit or protect against a loss. None of the information in this document should be considered as tax advice.
