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Tax Reform Legislation Becomes the Law – Impact of the Legislation on Pass-Through Business Income

01.25.18

The 2017 Tax Reform legislation, the most significant federal tax law reform in more than 30 years, was passed by both the House of Representatives and the Senate, and was signed into law by the President on December 22, 2017.

The “Tax Cuts and Jobs Act” (also known as the “Act”) lowered business and individual tax rates, and changed U.S. international tax rules.

Click here to read the summary on pass-through business income which focuses on intital observations and highlights of the Act.