Tax Reform Resources
The Tax Cuts and Jobs Act of 2017 (TCJA) brought forth the biggest revision to federal tax code since the 1980s. As a CPA and trusted business adviser, it’s incumbent on you to be well-versed on these significant tax code changes, and identify opportunities for both the individuals and businesses you represent.
This page provides articles, resources and educational opportunities related to the TCJA.
Articles and resources
Not-for-profits receive a welcome year-end gift: A repeal of the parking lot tax
Happy new year, not-for-profits! The parking lot tax, a significant source of headaches and grumblings, was retroactively repealed Dec. 20, 2019.
Compliance challenges abound as taxpayers cope with new law
Despite the assurances of Congress when it unveiled the TCJA, the reality is that U.S. tax reform has not made taxes simpler. The corporate tax base is facing changes at the state, federal and international levels.
Cash versus accrual: What's right for you?
Unsurprisingly, most CPAs and clients have focused on the Section 199A deduction for business clients due to its complexity. However, it is also important to pay attention to a potentially very significant set of tax benefits available to small-business clients: the special accounting method simplifications found in the Tax Cuts and Jobs Act, Section 13012.
Opportunity Zones can provide big tax benefits
Qualified Opportunity Zones are a creation of the new Code Sections 1400Z-1 and 1400Z-2, enacted in the Tax Cuts and Jobs Act (TCJA) in December 2017. These provisions are intended to incentivize investment in economically challenged areas by giving tax benefits to investors.
6 highlights from tax reform
It's been a year since the Tax Cuts and Jobs Act was enacted and, while the IRS has issued sets of proposed regulations and notices to provide guidance, some provisions are far from clear.
Managing client expectations for tax reform
This year, the Tax Cuts and Jobs Act of 2017 has tax service providers wondering whether their clients will similarly have expectations for tax planning and compliance services that go beyond the realm of possibility.
Surprises in the new tax law: What every CPA should be aware of
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.
Travel expenses: By land, sea or air
Understand how the Tax Cuts and Jobs Act affects business travel when it comes to tax-related expenses.
Under the Tax Cuts and Jobs Act of 2017, a taxpayer other than a corporation generally is allowed a deduction of 20 percent of its qualified business income. This clearly applies to S Corporations.
C Corporation or S Corporation?
While C Corporation status became relatively more attractive as a result of tax reform, there is no one-size-fits-all approach to entity selection.
Meals and no entertainment: M&E deduction diminished
The Tax Cuts and Jobs Act has revamped many different aspect of the tax law, including the widely-used M&E deduction.
Meals and no entertainment: Holiday parties, overtime dinners and pastries
Find out what tax benefits are available for meals and expenses with changes in the federal Tax Cuts and Jobs Act. Meals and entertainment tax, Tax Cuts and Jobs Act
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.
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.