Just took two live webinars on Tuesday and Wednesday of this week week on the new tax bill

Already had clients call with questions, so I figured I better stay one step ahead of the questions.

Usually the presenters go over the substance of the topic without giving their personal opinions one way or the other but in this case they couldn’t avoid editorializing about its provisions and the bill in general.

Their first comment sort of set the tone for their feelings about it-they said so much for tax simplification-it was the biggest hodgepodge of unrelated changes they had ever seen. They were especially critical of tax changes that only lasted 4 years-corresponding coincidently to the length of the current administration. They especially didn’t like the tax law changes such as the increased value of a tax deduction for “Native Alaskan subsistence whaling.” Such state specific provisions were obviously meant to win over certain Senators with little or no benefit to the country at large.

I can see it is going to be a fun tax season. All the projections re withholding changes and estimated tax payments are now obsolete.