The Tax Act descends on its first full filing season

Last year’s Tax Cuts and Jobs Act has been the subject of numerous articles, seminars, and discussions since its introduction a year ago, but because it primarily took effect 1/1/18, most of its features have not yet appeared in actual tax returns. That is about to change. Material that we send to our clients each January will include a copy of the letter reproduced below, explaining the significant impact this tax overhaul will have on the filing season just ahead of us.