With the expectation of significant tax changes coming in 2018, you might wonder how your 2017 year-end tax planning will be affected. While we don’t have all the answers yet, we are able to share some insights as we look at the proposed provisions.
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Important Update on Proposed Tax Reform
On Thursday, House Republican leadership continued their efforts for tax reform, presenting a new tax bill containing a wide variety of changes for both business and individual tax rates, writes Anna Edgerton and Erik Wasson of Bloomberg News. The authors detail the following elements contained in the proposed legislation:
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