Federal spending bill includes tax provisions

The Consolidated Appropriations Act, 2018,┬áH.R. 1625, which is the $1.3 trillion spending bill that Congress passed on Friday, contains a few tax-related provisions, including funding for the IRS and technical corrections to various recent pieces of tax legislation. It also…

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Congress Enacts Tax Reform

The Tax Cuts and Jobs Act, P.L. 115-97, which President Donald Trump signed into law on Dec. 22, enacted a large overhaul of many parts of the Internal Revenue Code. Here are many of the most important provisions in the new law that affect both individual taxpayers and businesses.

(Text and featured image courtesy of Journal of Accounting)

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