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Taxes for tax year 2018 are due to the IRS by April 15, 2019. Some filers may face an unwelcome surprise this year if they end up owing more taxes than usual, while others may receive a nice refund they weren’t expecting. What if I owe taxes due to tax reform?
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Description. The new tax reform law represents the most sweeping changes to the U.S. income tax code in over 30 years, changes that will impact virtually every aspect of American society.For estate planning counsel and advisers, the new law creates significant challenges in wealth transfer strategy and emphasis.
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2018 Tax Reform: What You Need to Know. Congress passed sweeping reform to the U.S. tax system, which is expected to be signed into law soon. This legislation is generally effective for tax years beginning after Dec. 31, 2017, with most of the provisions for individuals set to expire after 2025.
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Passage of the Tax Cuts and Jobs Act of 2017 represents the most sweeping rewrite of the federal tax code in more than three decades. It includes significant changes for businesses and individuals alike. We can help you navigate key provisions with industry-specific insight that focuses on what you need to know.
Financial planning HD Vest CEO’s quest to convert more tax pros into financial advisors CPAs and enrolled agents who added planning services generated an average of $1.7 million in incremental.
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