Happy 2018. Although some have criticized the process, priorities, and policies used in the formulation of this major tax system overhaul, we in the tax and accounting industry anticipated action. After several iterations, we finally got our wish for something—anything—in concrete so that we could have answers to the many questions our clients are asking about what tax reform does to their 2018 tax bill.
On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act, a 1,101-page document into law.
Final Business/Corporate/Partnership Provisions in Tax Cuts and Jobs Act of 2017
Here is a chart that briefly summarizes the major provisions affecting our business clients, including corporations, partnerships, and sole proprietorships.
Tax Cut and Jobs Act of 2017 Chart (PDF)
December 31, 2017
Vern Hoven and Sharon Kreider
Learn more at 2018 Tax Reform at Western CPE Tax Reform Seminars.
Recent Stories
The ACA Enhanced Subsidy Expires
January 2, 2026
IRS Premium Tax Credit FAQ Update: What to Know for 2026
December 30, 2025
The IRS Issues Relief for Farmland Sales Under New Section 1062
December 22, 2025
IRC §274(o) Overtime Meal Deductions: What Changes in 2026
December 18, 2025
Next Up...
The new DISE standard from the Financial Accounting Standards Board introduces expanded income statement expense
3 min read
The IRS has released their 2026 standard mileage rates. Employers that tie reimbursements to the
2 min read
Enhanced ACA premium tax credits expired December 31, 2025, leaving 22 million taxpayers facing average
5 min read