As the dust settles on tax reform, we thought it would be interesting to provide a summary of cost of the bill ready to be signed by Mr. Trump.
The attached is provided by the Tax Foundation. The Tax Foundation is the nations leading tax policy nonprofit. We thought it was important to note that this law will generally sunset between 2025 & 2027. The administration at that time will have a lot of issues to deal with.
Cordasco & Company, P.C. is a boutique CPA firm specializing in federal and state tax issues. Unlike most of our peers we spend significant time and energy understanding the specifics of tax law, put it into information that is generally understandable for our clients (no sharing content that we haven’t or don’t understand its not validated), then we align it with our deep understanding of our clients to custom design specific tax strategies to meet our clients goals.