Tax Reform Resources

The Tax Cuts and Jobs Act of 2017 brought forth the biggest revision to federal tax code since the 1980s. Naturally, there are a lot of unknown effects stemming from the changes as tax policy experts continue to analyze the 1,097-page law.

As a CPA and trusted business adviser, it’s incumbent on you to be aware of the significant changes of the new tax law and its impacts, as well as identifying opportunities for both the individuals and businesses you represent.

This page, which will continuously be updated, provides articles, resources and educational opportunities related to the new tax law.

Articles and resources

Surprises in the new tax law: What every CPA should be aware of (article)
The major highlights of the recent tax reform law have been widely reported on since passing, but that's not the whole story. Mark Sellner highlights the lesser-known bill provisions that could impact your clients.

What secrets are hiding in the new acronyms of tax reform? (article)
Every piece of major legislation introduces an onslaught of new acronyms that need to be committed to memory by policy wonks. Tax professionals are now scouring through the Tax Cuts and Jobs Act learning the lingo of the new day.

Tax reform and Section 199A deduction of qualified business income of pass-through entities (article)
Though there are still questions revolving around changes to the Section 199A deduction, read what’s known so far.

Net operating losses (NOLs) after the Tax Cuts and Jobs Act (article)
For net operating losses for corporate taxpayers, the carryover and carryback rules change and a new limitation on NOL utilization is used.

Tax reform legislation addresses UBIT and segregation of UBTI investments (article)
The new law does not require governmental pension plans to be subject to UBIT (unrelated business income tax); it also states tax-exempt entities that are “subject to tax on their unrelated business taxable income will be required to segregate their taxable income and loss for unrelated trade or business activity for purposes of determining their UBIT.”

Meals and no entertainment: M&E deduction diminished (article)
The Tax Cuts and Jobs Act has revamped many different aspect of the tax law, including the widely-used M&E deduction.

How national tax reform is impacting state taxes (podcast)
In this podcast, guest Eileen Sherr, a CPA and CGMA who is an AICPA tax expert, addresses some of the key questions CPAs — and their clients — need answered.

Tax Reform Resource Center
The AICPA Tax Reform Resource Center offers coverage on tax reform, including news, resources, videos and podcasts.

For additional tax resources, including client letters, CCH Online Tax Research and more, please visit the MNCPA’s tax resources page.

AICPA PowerPoint presentations: Tax Cuts and Jobs Act

The AICPA put together two presentations on the new tax law provisions, and its impact on individuals and businesses.

CCH tax reform client letters 

Address tax law changes with your clients through tax reform-specific client letters created by CCH

Tax reform CPE

View all tax reform CPE or check out the list below for upcoming tax reform CPE programs.


Upcoming tax reform CPE

Tax Reform Deep-Dive Series: Businesses (Webinar)
Aug. 7, 2018  |   Online   |   2.0 CPE

Tax Reform Deep-Dive Series: Sec. 199A (Webinar)
Aug. 9, 2018  |   Online   |   2.0 CPE

Tax Reform Deep-Dive Series: Individuals (Webinar)
Aug. 14, 2018  |   Online   |   2.0 CPE

Tax Reform Deep-Dive Series: Minnesota Conformity Update (Webinar)
Aug. 16, 2018  |   Online   |   1.5 CPE

Farm Tax: New Tax Law, New Planning Ideas
Aug. 21, 2018  |   Mankato   |   8.0 CPE, 8 IRS CE

Tax Reform Deep-Dive Series: S vs. C Corporate Structure (Webinar)
Aug. 22, 2018  |   Online   |   2.0 CPE

Farm Tax: New Tax Law, New Planning Ideas
Sep. 19, 2018  |   Fergus Falls   |   8.0 CPE, 8 IRS CE

Getting to the Heart of Tax Reform: Individual Income Tax Changes and Planning Strategies
Sep. 25, 2018  |   Detroit Lakes   |   4.0 CPE

Tax Reform's Impact on Corporations and Pass-Through Entities
Sep. 25, 2018  |   Detroit Lakes   |   4.0 CPE

Getting to the Heart of Tax Reform: Individual Income Tax Changes and Planning Strategies
Oct. 23, 2018  |   Bloomington   |   4.0 CPE

Tax Reform's Impact on Corporations and Pass-Through Entities
Oct. 23, 2018  |   Bloomington   |   4.0 CPE

Tax Advisers Update
Oct. 30, 2018  |   Plymouth   |   8.0 CPE, 8 IRS CE, 6.5 CLE

64th Annual MNCPA Tax Conference (TAX18)
Nov. 12, 2018 - Nov. 13, 2018  |   Minneapolis   |   16.0 CPE

Tax Cuts and Jobs Act 101
Nov. 26, 2018  |   Bloomington   |   8.0 CPE

A New Look at Choice of Entity and the Pass-Through Section 199A Deduction
Nov. 27, 2018  |   Bloomington   |   8.0 CPE

Year-End Tax Planning: Thinking Outside the Box
Nov. 28, 2018  |   Bloomington   |   8.0 CPE

Tax Advisers Update
Nov. 30, 2018  |   Oakdale   |   8.0 CPE, 8 IRS CE, 6.5 CLE

Tax Advisers Update
Jan. 4, 2019  |   St. Paul   |   8.0 CPE, 8 IRS CE, 6.5 CLE

Tax Advisers Update (Simulcast)
Jan. 4, 2019  |   Online   |   8.0 CPE, 8 IRS CE