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DETHLOFF & ASOOCIATES BLOG - MOSTLY (BUT NOT ALL) TAX
Tax Reform Timeline Is Tight
The GOP is proposing the most significant changes to the Federal tax code in a generation. They have said they will release their proposal on November 1st with a goal of passing it in both houses and sending it to the president by Thanksgiving. This is not a lot of time for tax professionals and taxpayers to review the proposed changes and evaluate the impact on individual and business returns. We will try and get information to our clients as soon as possible after the proposal is presented, but I would ask the GOP to consider giving interested parties more than 22 days to evaluate this massive overhaul to our tax system.