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Jan
By Richard J. Silpe |Co-Chair, Tax| (215) 665-2704 | rsilpecozen.com | Cozen O'Connor
On December 20, 2017, both houses of Congress passed H.R. 1, a comprehensive tax reform bill commonly known as the “Tax Cuts and Jobs Act,” (the Act) and was signed into law by President Trump on December 21, 2017.
The Act makes major changes to federal income and estate tax law, including, among other things, numerous changes affecting businesses, individuals, tax-exempt organizations, the taxation of compensation arrangements, and fundamental aspects of...