President Trump’s administration has indicated that tax reform is a top priority to be tackled within the first 100 days. As 2016 came to a close, many advisors felt that reform would come through quickly and that it would be implemented retroactively to January 1, 2017.
Now one month in, tax reform appears unlikely to be effective until 2018 due to differences in the President’s proposals and the proposals of leading House Republicans. For instance, the idea of a border adjustment tax and how it would play out has become a major issue regarding corporate reform and it has become apparent that the ACA and related taxes cannot be appealed until a viable replacement is ready.
This course will examine what the current plans look like, how they might be merged, and what impact it will have on individual and corporate taxpayers.
Discussion of Trump’s current plan for tax reform and how it would impact the taxation of individuals, corporations, and estates.
Examine similarities and differences between Trump’s plan and the plans of other prominent GOP leaders Brady and Ryan.
Explore various GOP proposals for a border adjustment tax.
Consider planning ideas regarding the anticipated timing of tax reform.
WithumSmith+Brown, PC
Senior Tax Manager
[email protected]
732-842-3113
Scott has over ten years of diversified public accounting experience focusing on individual, partnership, corporate and trust / estate taxation. His experience includes tax compliance, planning and representation of clients in many industries including the real estate, consumer products and technology industries.