Deep Dive Into The Tax Cuts and Jobs Act – Part 1

Originally posted on wealthmanagement.com

On Nov. 2, 2017, the House Ways and Means Committee issued H.R. 1, called “Tax Cuts and Jobs Act.” The proposed bill itself is about 430 pages, and the summary about 82 pages. The provisions appear to affect almost every aspect of tax, estate and other planning, far more than what anyone anticipated. While there’s certainly been inadequate time to even make a cursory review of the proposal, there seems to be significant proposed changes, some never previously discussed, that require immediate action by practitioners just in case they are enacted. Other provisions may not require current action, but at least might warrant consideration.

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