The Tax Cuts and Jobs Act (TCJA) is the most significant overhaul of the U.S. tax code since 1986. Even the pros are still working on wrapping their heads around how the changes will impact tax planning and preparation. Some clients haven’t felt the impact of the tax reform – most new rules don’t impact the 2017 returns being filed right now. However, tax reform has been in the headlines enough to get most people thinking and wondering about how 2018 will change for them, and what they can do now to prepare. For practitioners, new guidance and analyses are
