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ARTICLE · 27 DECEMBER 2017

Year-End Tax Planning Guide for 2017

Duane Morris LLP
Duane Morris LLP
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Tax reform is here! On December 20, 2017, Congress passed the much-anticipated tax reform bill and with President Trump's signature on December 22, 2017, the bill has become law. With minor exceptions, the bill is largely effective January 1, 2018.

United StatesTax
Duane Morris
Duane Morris
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Tax reform is here! On December 20, 2017, Congress passed the much-anticipated tax reform bill and with President Trump's signature on December 22, 2017, the bill has become law. With minor exceptions, the bill is largely effective January 1, 2018. This legislation achieves the largest changes to the tax code in a generation, and greatly modifies the income, estate, gift and generation-skipping taxes for individuals, businesses, estates and trusts.

As an annual physical exam is important for maintaining good physical health, an annual tax examination is important for maintaining good financial health, especially when changes are occurring. A little time invested in year-end tax planning can result in significant tax savings later.

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