Tax,
Government
Nov. 8, 2017
A closer look at the newly unveiled federal Tax Cuts and Jobs Act
Last week, Republicans delivered a comprehensive tax bill that offers, among other things, a permanent corporate tax cut.
Phil Jelsma
Partner and Chair of the Tax Practice Team
Crosbie Gliner Schiffman Southard & Swanson LLC (CGS3)
Email: pjelsma@cgs3.com
Phil is chair of the tax practice team at CGS3. He is recognized as a leading joint venture and tax attorney, with a 30-year background in real estate exchange transactions, syndications, nonprofit corporations and international tax planning.
Last week, Republicans delivered a comprehensive tax bill that offers, among other things, a permanent corporate tax cut. The House Ways and Means Committee released its long-anticipated initial draft of the Tax Cuts and Jobs Act on Nov. 2. It has a number of provisions -- many of them controversial -- which would affect California residents and businesses.
Following is a brief summary focusing first on the provisions which affect i...
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