As the U.S. is in the midst of the holiday season and preparing for year-end, Congress has just passed a tax reform bill that is to take effect in 2018 (just 10 days away). Overall, about one-third of the proposed changes made by the House and Senate did not make it through the final Committee Agreement, and most changes are set to sunset after 2025. When looking at what passed and what didn't, the most notable changes will be to corporations. Below is a full summary of the f

The Trump Administration recently released is Tax Reform plan titled "Unified Framework For Fixing Our Broken Tax Code". It's a 9-page document that touts "More jobs", "Fairer taxes", and "Bigger paychecks". Overall, the plan achieves just one of its goals, and does so by ignoring or going against the other goals... The plan starts off with a set of goals: Tax relief for middle-class families The simplicity of "postcard" tax filing for the vast majority of Americans Tax relie