The Tax Cuts and Jobs Act (TCJA) made a few retroactive changes and hundreds of prospective changes. Many of these changes are not particularly well written and, thus, practitioners are not clear as to their application. The Balanced Budget Act (BBA) of 2018 made scores of retroactive changes. IRS promises clarification, but the IRS is slow. Congress owes us clarification but, as of yet, is not delivering. How best to proceed?
Recent legislative changes retroactive to 2017.
How choices made for 2017 could really put the hurt on 2018 and later.
Identification of areas badly in need of guidance.
How an extended 2017 return might be your best friend.
Bradley Burnett is a practicing Colorado attorney with 33 years of experience working specifically on tax issues. His practice specializes in tax planning and tax controversy resolution. Mr. Burnett has authored and delivered more than 3,000 presentations on U.S. tax law in the U.S. and international jurisdictions.