Have you heard of the Tax Cuts and Jobs Act (“TCJA”)? Of course, you have. And, you’ve likely heard more about the TCJA than any other tax law before it. The last time the federal tax code was significantly transformed was in 1986, the year I was born, so the TCJA is a big deal. The question is, will states conform to the changes?
Despite significant media coverage of the TCJA, many forget this as a FEDERAL tax law. ... Read More