Tax Reform

2017 Tax Reform

Andersen Tax is staying on top of the latest tax reform. For all of the most recent information, please refer to the links below. These links include our most recent tax releases as well as charts detailing the various provisions and bills. 

We will continue to keep you up to date as the tax reform process continues to ensure you and your businesses are ready for the potential changes ahead.

President Trump Signs Landmark Tax Legislation

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Republicans Approve Tax Reform Bill; President to Sign First Major Tax Overhaul in Decades

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Republicans Reach Deal on Tax Plan; Final Votes Expected Next Week

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September 13, 2018

Tax Reform - IRS Issues Guidance on New UBTI Rules for Separate Trades or Businesses

IRS has issued Notice 2018-67 (the Notice) to provide guidance on the calculation of unrelated business taxable income (UBTI) for tax-exempt organizations following tax reform. The Tax Cuts and Jobs Act (TCJA) changed  Read More

August 08, 2018

Guidance Released on New 20% Pass-Through Deduction; Includes Aggregation Election

IRS and Treasury have released the first set of proposed regulations related to the new 20% deduction for qualified business income under Sec. 199A, enacted as part of the Tax Cuts and Jobs Act  Read More

August 02, 2018

Treasury Issues Regulations on Transition Tax on Foreign Earnings

Treasury and IRS have issued proposed regulations related to the new mandatory deemed repatriation under Sec. 965 (the Transition Tax). The proposed rules include additional guidance and definitions that are useful for many taxpayers.  Read More

July 30, 2018

IRS Clarifies Effect of Suspended Miscellaneous Itemized Deductions on Trusts and Estates

IRS has announced in Notice 2018-61 (the Notice) that it will issue regulations to clarify that trusts and estates will be allowed to take deductions for expenses that are unique to trust and  Read More

June 21, 2018

Purchasing U.S. Real Estate: Tax Considerations for the Non-U.S. Investor

Click here for information on purchasing U.S. real estate. As a non-U.S. person, how you invest in U.S. residential real estate can have a significant impact on your tax  Read More

May 16, 2018

Tax Reform – Blended Rate for Fiscal Year Taxpayers (Regular and AMT)

The Tax Cuts and Jobs Act (TCJA) replaced the previous graduated corporate tax rate structure (top rate of 35%) with a flat tax rate (21%) and repealed the alternative minimum tax (AMT)for corporations for  Read More

April 09, 2018

Tax Reform - Qualified Opportunity Zones: Opportunity to Defer and Potentially Eliminate Tax on Gains

The Tax Cuts and Jobs Act (the TCJA) provides a new tax benefit starting on December 22, 2017 that is aimed at attracting investments in low-income communities and some surrounding census tracts certified by  Read More

March 22, 2018

Accounting Methods Update: Changes to Tax Rules Affecting Businesses and Individuals

Click here to read about some of the legislative changes made by the Act and the impacts of the new provisions as they relate to accounting method considerations.  Read More

February 09, 2018

Tax Reform Act of 2017 – Highlights of the Key Items

The following charts set forth some of the provisions in the Tax Reform Act of 2017 and offer insights from Andersen Tax’s technical experts. The charts highlight only some of the key  Read More

January 17, 2018

Tax Reform – Impact on Financial Reporting

Click here for information regarding some of the accounting for income tax considerations related to key provisions in the final tax reform legislation.   Read More

January 04, 2018

Updated: The Impact of the New Tax Reform Legislation on Business Real Estate and Partnerships

Click here to read more about the impact of the new tax reform legislation on business real estate and partnerships.  Read More

December 22, 2017

Updated: Tax Reform – Effects on Inbound Foreign Investment

With the passage of the Tax Cuts and Jobs Act (the Act) into law, it is appropriate to now attempt to evaluate the effects of the reform on the tax planning for inbound  Read More

December 20, 2017

Tax Reform – Year-End Planning for Individuals and Trusts

The House and Senate have voted to approve the compromise tax reform bill and final tax reform legislation is headed to President Donald Trump for his signature.  Read More

December 02, 2017

Senate Approves Tax Bill in Race to Enact Tax Reform by Year End

Senate Republicans voted early Saturday morning to approve the Senate’s version of the Tax Cuts and Jobs Act with a vote of 51-49 on a party line vote. Bob Corker was  Read More

December 08, 2017

Tax Reform – Effects on Inbound Foreign Investment

Click here to view information regarding the effects on inbound foreign investment.   Read More

November 30, 2017

House and Senate Tax Reform Proposals – Highlights of the Key Issues

The following charts set forth some of the provisions in the Tax Cuts and Jobs Act. The House version of the Tax Cuts and Jobs Act was approved by the House  Read More

November 17, 2017

House Passes and Senate Finance Committee Advances Landmark Tax Reform Legislation

The House passed its version of the Tax Cuts and Jobs Act on November 16, 2017, along a mostly party-line vote of 227-205, with 13 Republicans voting no along with every Democrat. The Senate Finance Committee  Read More

November 03, 2017

House Releases Draft Tax Reform Legislation to Overhaul Tax Code

On November 2, 2017, the House Committee on Ways and Means Chairman Kevin Brady (R-Texas) released the latest piece in the tax reform puzzle—a draft bill to overhaul the tax code. The Tax  Read More

October 26, 2017

House Approves Senate Budget, Puts Tax Reform on Fast Track

On October 26, 2017, the House of Representatives approved the budget resolution previously passed by the Senate less than a week before. The House’s slim party-line vote (216-212) on a compromise budget eliminates  Read More

October 20, 2017

Senate Approves Budget Setting Stage for Release of Tax Reform Details

The Senate approved its fiscal year 2018 budget resolution the evening of October 19, 2017 on a largely party-line vote of 51-49, with a vote against from Republican Senator Rand Paul (R-KY). The House of Representatives  Read More

September 28, 2017

Republicans Release Unified Framework for Tax Reform, Open Door to Tax Increase on Wealthy

On September 27, 2017, The Trump Administration, House Committee on Ways and Means, and Senate Finance Committee released a nine-page Unified Framework for Fixing Our Broken Tax Code (Unified Framework) that specifies a proposed tax  Read More

August 18, 2017

Republicans Pitch Tax Reform to the American People

Former President Ronald Reagan signed the Tax Reform Act of 1986 on August 16, 1986. Now, over three decades later, Ways and Means Chairman Kevin Brady made his pitch for tax reform from Reagan’s  Read More

August 01, 2017

August Has Arrived, But Tax Reform Details Remain Scarce

After months of closed-door meetings on tax reform, the Big Six—a working group of Republican leaders that includes Secretary of Treasury Steven Mnuchin, National Economic Council Director Gary Cohn, Speaker of  Read More

November 30, 2017

Alternative Investment Funds: Tax Proposals Impact But Do Not Dampen Their Use: An Update

Click here to view additional information regarding how investment funds are affected by each bill.   Read More

November 30, 2017

Tax Reform Planning for Multinational Corporations

Click here to read more about how Andersen Tax can help multinational corporations prepare for tax reform.  Read More