I went to a presentation last week by a CPA who posts at currentfederaltaxdevelopments.com.
His topic? The new federal tax legislation, aka the Tax Cut and Jobs Act, of course. That is the current federal tax development.
My takeaway from that presentation is this: anybody who is not an expert cannot possibly speak authoritatively about the impact of the new federal tax legislation. Anyone who claims to have a simple explanation of the impact of that legislation doesn’t know what they are talking about.
The presenter I heard last week did a great job, but even in a room full of tax lawyers and CPAs, there were lots of questions.
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