Tax talk dominated much of the end of 2017, and no matter how one feels about the final legislation that passed, it is now a reality. It seems fitting that this came at the end of a calendar year, when the nostalgic yearning to look back claims a strong hold on us all.
In a calendar year, tax reform went from a (clearly naïve) thought that a tax return would be done on the back of a postcard, to largely talking about the ACA and health care provisions of the tax world, to finally turning into a much more complete, and still complicated, package.
Just how this all turns out and what it means to you may not be fully understood and felt until we hit early 2019, for the new rules will not affect the 2017 tax returns that we shortly will begin preparing. So although it is a bit rarer at this time of year, we are looking ahead, too.
With it still being the holiday season, I do not want to take the time now to go through some of the stuff that changes under the new bill. I am sure that we will have plenty of opportunities to go through that deeper stuff over the next 18 months or so.
With it still being the holiday season, though, I did want to take this chance to express gratitude that we have been able to track this and take the trip together. If it were not for my clients, I would not get to make a career from this world, which I still love even during the maddening times.
In fact, it is during those maddening times when I feel that gratitude the most. For yes, this is not always an easy path, and it is littered with many numbers (some huge), and multiple pages of tax law that take a lot of time and effort to correctly parse and use to the best advantage.
Seeing how this all works out for your situation will take some time, but we look forward to helping you along that path, and are thankful for the opportunity to do so. Here then is a simple wish for 2018 to bring health and prosperity for everyone as we make the journey.
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