Summary of Tax Cuts and Jobs Act of 2017

Summary of Tax Cuts and Jobs Act of 2017

Highlights of recently enacted Tax Reform Bill (HR1 “Tax Cuts and Jobs Act of 2017”) Individuals Double the estate, GST and gift tax exemption ($5.6 million to $11.2 million, indexed for inflation) for estates of decedents dying and gifts made after...
Trump Signs Tax Reform Bill Into Law

Trump Signs Tax Reform Bill Into Law

Earlier today President Trump signed the just-passed tax reform legislation into law. Though there had been discussion that the President would wait until January to sign the legislation, last night Congress passed a government funding bill that includes a waiver of...
Approval of Conference Committee Report

Approval of Conference Committee Report

On Friday, December 15, 2017, the Conference Committee for the Tax Cuts and Jobs Act released and approved its conference report reconciling the differences between the House and Senate tax reform proposals. Of particular relevance, the agreement doubles the estate...