As 2017 draws to a close, important differences remain between the Senate's and the House's approach to Tax Reform. While certain outcomes seem likely, such as suspension in whole or in part of the deduction for State and Local taxes, until a bill emerges from the conference committee it is difficult to suggest comprehensive decisions to make before year-end.
We have been closely monitoring the unfolding Tax Reform process. Once a final agreement is reached and the bill is released from the conference committee, we will analyze the details, disseminate information and provide recommendations on actions you can take before the end of the year.
If you have any questions, please contact your Friedman LLP tax professional.