Tax Reform’s Provisions Affecting Partnerships, Corporations, and Individuals
On December 22, 2017, President Donald Trump signed into law sweeping tax reform legislation, the Tax Cuts and Jobs Act (TCJA).
What follows are summaries of some of the key provisions affecting partnerships and other pass-through entities, C corporations, individuals, and international business. Commentary on the new provisions is italicized. (All section references are to the Internal Revenue Code of 1986, as amended through the TCJA.)