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Thomson Reuters Offers Guidance on New Tax Reform Law

One business day after Congressional tax writers revealed the final version of the “Tax Cuts & Jobs Act”, the sweeping tax reform proposal that promises a seismic change in the tax landscape, Thomson Reuters Checkpoint published four feature articles ...

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While no one is surprised that tax reform is upon us, the lightning fast pace of the legislative process has made it difficult for even seasoned tax practitioners to know the full score.

One business day after Congressional tax writers revealed the final version of the “Tax Cuts & Jobs Act”, the sweeping tax reform proposal that promises a seismic change in the tax landscape, Thomson Reuters Checkpoint published four feature articles (covering individual, business, business entities, and foreign provisions) to assist accounting professionals to quickly and efficiently understand the changes.

Thomson Reuters Federal Tax Updates on Checkpoint has provided a comprehensive summary of the new bill, covering over a hundred provisions with: background to put amendments in context; effective dates; Code Sections affected and the bill’s section number.

To access the Checkpoint Special Studies on the “Tax Cuts & Jobs Act”, visit:

Individual Tax Changes in the “Tax Cuts and Jobs Act”

Business Tax Changes in the “Tax Cuts and Jobs Act”

Foreign Income, Foreign Persons Tax Changes in the “Tax Cuts and Jobs Act”

S Corporation, Partnership & Other Changes in the “Tax Cuts and Jobs Act”

Check this page periodically for further updates.

Salim Sunderji, Managing Director, Checkpoint of the Thomson Reuters Tax & Accounting business said: “As we sit on the cusp of the most significant tax reform in generations, a new enacted tax law will mean significant work within a compressed time frame for tax accountants.  We hope that these real-time resources will assist companies and professional advisors to begin developing an action plan for how to move forward.”

Thomson Reuters Checkpoint tackles market disruption through integrated research, editorial insight, productivity tools, online learning, content marketing solutions and news updates along with intelligent links to related content and software. It is relied on by hundreds of thousands of tax and accounting professionals, and counts among its customers 97 of the Top 100 U.S. law firms, 99 of the Fortune 100 companies, and all of the top 100 U.S. CPA firms.