Early Saturday morning the United States Senate along party lines passed a “Tax Bill” as promised by President Trump. As with any tax bill there are winners and losers. Only your accountant or tax lawyer can tell you the full impact on your particular tax situation. The tax bill affects, individuals, C – Corporations, estates, small businesses and pass through entities such as S – Corporations and partnerships. The bill is 479 pages long and somewhat complicated. Simple tax bill was not achieved.
