Skip to Content

Alert: Tax Cuts and Jobs Act guidance special report

IRS issues major guidance on tax reform provisions.

Image of people walking up steps.

The Tax Cuts and Jobs Act of 2017 introduced several new taxes and deductions, as well as a number of very significant changes, all of which would require new guidance from the IRS on the implementation of the new law.

The first two weeks of August 2018, saw the release of three major pieces of guidance:

  • Transition tax under Code Sec. 965
  • Qualified business income deduction under Code Sec. 199A
  • 100-percent bonus depreciation rules

There are some actions under this new guidance that taxpayers may have to take before the end of the year, and taxpayers will need to be familiar for the 2019 filing season.

Logo of CCH, A Wolters Kluwer Business 

The information provided in this alert is only a general summary and is being distributed with the understanding that Plante & Moran, PLLC, is not rendering legal, tax, accounting, or other professional advice, position, or opinions on specific facts or matters and, accordingly, assumes no liability whatsoever in connection with its use.

©2018 CCH Incorporated and its affiliates. All rights reserved.

Tax Reform banner

Related Thinking

Parent and child walking up steps towards U.S. Capitol.
April 15, 2024

Bipartisan tax package may require amended returns

Article 6 min read
View of U.S. Capitol against the sunset.
March 26, 2024

State and local tax advisor: March 2024

Article 20 min read
Close up photo of an EV car charging station and a green SUV car
March 25, 2024

Financing EV capital projects: Inflation Reduction Act tax credits, grants, & loans

Article 10 min read