Alerts – Tax Cuts and Jobs Act of 2017

Changes for Individuals in New Federal Tax Law

The Tax Cuts and Jobs Act dramatically altered the tax landscape for individuals. Some changes take effect this year, while others will not come online until 2019. This alert by Daniel K. McClendon outlines changes involving:

  • Income tax rates
  • Itemized deductions
  • State and local deduction
  • Mortgage interest deduction
  • Charitable contribution deduction
  • Pass-through entities

The New Tax Law’s Impact on Domestic M&A Transactions

Signed into law on Dec. 22, the Tax Cuts and Jobs Act includes several provisions that significantly affect the federal income tax consequences of structures often used in domestic M&A transactions. In this alert, Fox attorneys Stanley BarskyMichael S. Bookbinder and Eric J. Michaels outline the provisions that are taxpayer-favorable and unfavorable compared with prior law.

Changes to Estate and Gift Taxes in the New Tax Law

Estate and gift tax planning are among the many areas of tax law impacted by the Tax Cuts and Jobs Act, which takes effect on January 1, 2018. Fox partner Debra T. Hirsch outlines the key changes, as well as tax planning considerations for the coming year in this alert.

New Tax Bill Means Changes for Employers: What You Need To Know

Several provisions in the Tax Cuts and Jobs Act will directly impact the workplace. in this alert, Fox attorney Tiana R. Seymore outlines the changes, including one provision that gives some employers a credit for providing paid family and medical leave if they meet specific requirements and another that eliminates certain tax deductions in sexual harassment and sexual abuse cases.