How the Tax Cuts and Jobs Act Will Impact Tax Planning in 2019 and Beyond
It's been a little over a year since the Tax Cuts and Jobs Act was signed in late 2017, triggering a sweeping overhaul of the nation's tax code, and now that we're in the middle of the first tax filing season under the law, we should really get a better idea of how it will affect individuals and businesses, good or bad.
Accountants I've spoken with uniformly called this the most complex and confusing tax law that has been passed since they've been practicing. Even these experts -- as well as myself and colleagues throughout the industry -- had a hard time projecting the effects of the law over the past year. A factor playing a significant role in this was that throughout 2018, many aspects of the law weren't fully explained until late in the year.
So, with tax season in full
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