Tax Cuts and Jobs Act: 2017 Year-End and Post Year-End Planning Ideas

The Tax Cuts and Jobs Act (“TCJA”) is currently proceeding through Congress. The House and Senate recently passed different versions of the legislation, and a conference committee has been working to reconcile them. While additional steps must be completed after a final bill emerges from the conference committee there is a strong likelihood that this will be enacted by the end of 2017. The TCJA appears to be the most sweeping tax legislation that would be enacted in the past several decades, so it carries a number of tax planning ideas in its wake.