The Trump Administration and the Senate Finance Committee proposed tax reform that may be the largest tax law changes since 1986’s Tax Reform Act.

Tax Reform

With the consideration of health care legislation put aside, at least for the present, the primary focus in Washington is now on tax reform. This effort could result in the most consequential tax law changes since the Tax Reform Act of 1986.

On September 27, 2017, the Trump Administration, the House Ways and Means Committee and the Senate Finance Committee released a framework for tax reform – “Unified Framework For Fixing Our Broken Tax Code.” From this framework, legislation is to be developed by the tax writing committees of Congress.

We will monitor developments as the process moves forward in earnest and will continue to keep our clients and friends informed as circumstances warrant.

EisnerAmper Tax Reform Publications