• What Impact Will Tax Reform Have on You?
  • January 16, 2018 | Author: Michael C. Zahrt
  • Law Firm: Foster, Swift, Collins & Smith, P.C. - Lansing Office
  • H.R.1, described as the “Tax Cuts and Jobs Act1” (the “Act”) and commonly referred to as "Tax Reform", was signed into law by the President on December 22, 2017. Many of the changes contemplated by the Act will be effective for tax years on or after January 1, 2018. These changes may impact your current year-end tax planning. You may even want to consider changing your choice of entity. The highlights from the Act are summarized below.