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Next Stop for Tax Reform: The Oval Office

December 21, 2017 Recently, both houses of Congress passed a tax reform bill titled “To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018,” also known as the Tax Cuts and Jobs Act. The legislation is now bound for the President’s desk. After a Senate and House conference committee reviewed the preexisting bills from both houses, a number of changes and consolidations were made to create the final bill.

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House Passes Tax Reform Bill

December 19, 2017 The House of Representatives voted on Tuesday afternoon to pass the Tax Cuts and Jobs Act, H.R. 1, by a vote of 227–203, with 227 Republicans voting yea and 191 Democrats and 12 Republicans voting no.

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Tax Reform Legislation Takes First Step

November 3, 2017 The official process to potentially make the biggest changes to the tax code since 1986 has begun. And as the nation’s premier tax practitioners, the accounting profession will be very engaged as the proposed legislation winds its way through Congress.

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