taxnews.ey.comPrint

11 October 2019

Tax in transition: Five areas of focus as companies work to implement the TCJA

Companies continue to work through challenges stemming from the Tax Cuts and Jobs Act, which ushered in new rules, new compliance and reporting obligations, and new risks. The Internal Revenue Service and U.S. Department of the Treasury continue to issue and finalize guidance in key areas, but the rules are complex, and many companies are finding they still have unanswered questions.

An EY article, attached below, discusses five areas that may continue to pose TCJA implementation challenges for companies.

———————————————
ATTACHMENT

Tax in transition

Document ID: 2019-1810

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

Copyright © 1996 – 2025, Ernst & Young LLP

 

All rights reserved. No part of this document may be reproduced, retransmitted or otherwise redistributed in any form or by any means, electronic or mechanical, including by photocopying, facsimile transmission, recording, rekeying, or using any information storage and retrieval system, without written permission from Ernst & Young LLP.

 

EY US Tax News Update Master Agreement | EY Privacy Statement