The United States Congress just passed the biggest tax bill since 1986. Here is a summary of the Tax Cuts and Jobs Act comprehensive tax reform bill just signed into law by President Trump.
Most of the changes are effective January 1, 2018 (we have noted those which are not).
Please note: This is only a summary of the major provisions and should be used as such. Specific inquiries should be made directly to your Moore Stephens (or other) professional advisor.