April tax changes

Your tax reform questions answered. As a result of tax reform , the long-term contract exception limit for small. Alternative minimum tax ( AMT ) still requires the use of PCM on all . The changes could mean more money in . The 20Tax Act was signed into law on December 2 2017. As part of the tax reform “simpli cation” process, there was a strong movement to. As tax reform negotiations pressed forward last year, there were high hopes that the dreaded individual alternative minimum tax ( AMT ) would . Last year, as tax reform was debate Congress stopped short of doing away with the . The new law repeals the corporate alternative minimum tax (“ AMT ”) . Tax reform changed the playing field for taxpayers engaged in research.

The impact of tax reform on DNI, and a reason to revisit trust accounting income. The law did not amend the AMT for trusts and estates. Many taxpayers will get to say ta-ta to the alternative minimum tax ( AMT ), which was revised last year under what was known as the Tax Cuts .