Tax Reform Law Gets Mixed Reviews From Financial Planners

To help make sense of this game changing legislation, this year’s conference will feature a wide-range of forward looking sessions dedicated to tax reform. Financial planning professionals will.

Financial planning HD Vest CEO’s quest to convert more tax pros into financial advisors CPAs and enrolled agents who added planning services generated an average of $1.7 million in incremental.

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As the year winds down, Congress has been feverishly working to pass its final tax bill, the "Tax Cut and Jobs Act." With the passage of the bill in both the House and Senate this week, the signing of the bill by the President will enact into law the most significant reform of the individual and corporate tax structures since 1986.

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Tax Reform Law Gets Mixed Reviews From Financial Planners The much-touted overhaul of the nation’s tax system has finally all but completed its debut performance, with the vast majority of country.

Tax Reform Proposal Gets Mixed Reviews From Small Business Owners A few question if the tax cuts would only benefit large corporations. By Joyce M. Rosenberg AP Business Writer

The IRS has released proposed regulations under section 451(b) and (c), which were amended by the Tax Cuts and Jobs Act. Section 451(b) generally provides that a taxpayer must recognize income no later than when the taxpayer takes the income into account on its applicable financial statement, and section 451(c) provides rules regarding the timing of the recognition of advance payments.

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2018 Tax Reform: What You Need to Know. Congress passed sweeping reform to the U.S. tax system, which is expected to be signed into law soon. This legislation is generally effective for tax years beginning after Dec. 31, 2017, with most of the provisions for individuals set to expire after 2025.

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International Taxes Become More Complicated with Required Calculation of Transition Tax on Offshore Earnings. The act may be touted as a simplification for individuals. For the wage earner who reports almost all tax return items are reported to the IRS on a W-2, 1099, or 1098 for mortgage interest, that’s probably true.