Tax Reform

Tax Reform Legislation

The most significant tax legislation in the past 30 years is now law. Many taxpayers will see changes in how they compute taxable income and to their income tax liability. Businesses and individuals will see changes to their income tax rates, elimination or modification to credits, deductions and other tax preferences, and a host of other changes. Every taxpayer should expect and prepare accordingly for how this new legislation will affect their tax situation.

We would be happy to provide you more information on these changes. Please contact Nathan Clark, Heather Alley or your DHG tax advisor to discuss them.

Featured Analysis of the New Tax Legislation

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  • IRC 163j – Interest Expense Limitation
  • IRC 168k - Bonus Depreciation
  • IRC 199A - QBI: Qualified Business Income
  • IRC 446 - Accounting Methods
  • IRC 451b - Income Recognition
  • Entity Restructuring
  • Family Medical Leave Act
  • Meals & Entertainment Expenses
  • Opportunity Zones
  • R&D Incentives
  • International
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When Will Tax Reform Be Effective?