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In the most sweeping overhaul of the U.S. tax code in more than three decades, the tax reform bill has now been passed by both houses of Congress and was signed into law by President Trump this afternoon. These significant changes will require businesses and individuals to reassess their long-term tax strategies beginning with the 2018 tax year as well as consider immediate year-end tax planning strategies for the few remaining days of 2017.

It took a little over eight months, but the IRS has issued much-anticipated proposed regulations regarding the 20 percent pass-through deduction provided under Section 199A. The 184 pages of proposed regulations provide answers to some, but not all, of the questions considered since the Tax Cuts and Jobs Act (TCJA) was signed into law on Dec. 22, 2017. Since TCJA was enacted, tax advisors have counseled clients to 'stand your ground' and refrain from any radical structure modifications in response to the new provision. Those that heeded this advice will likely be thankful they did.

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KSM's transportation consulting experts (KSMTA) help carriers increase profitability by identifying their most pressing needs and designing and implementing initiatives to support growth.

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Login to LinkedIn to keep in touch with people you know, share ideas, and build your career.

Login to LinkedIn to keep in touch with people you know, share ideas, and build your career.

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As health systems and large physician practices expand healthcare services outside hospital walls, KSM is here to help with financial, operational, & clinical expertise that will help you grow your business while we provide solutions and remove barriers to success.