KPMG Releases 2018 Personal Tax Planning Guide Amid Tax Reform Debate

NEW YORK, Oct. 17, 2017 /PRNewswire/ -- With tax reform taking center stage in the Trump Administration's agenda, many individuals and corporate taxpayers are now considering the critical implications of any changes to the current U.S. tax system with respect to their tax profiles. To support year‑end, as well as next year's tax planning efforts, KPMG's 2018 Personal Tax Planning Guide aims to provide valuable information about the current tax laws along with corresponding preparation guidance that can help privately held businesses, business owners, and their families address this uncertainty.

"The recently released Unified Framework for Tax Reform distributed by the White House and Congress contains numerous proposals that could significantly impact the tax profiles of business owners and other executives," said Bill Jackson, national partner in charge of KPMG's Closely-Held Businesses and Owners Network. "Our 2018 Guide is designed to be a resource that can help individuals connected with privately held and family businesses identify and address the various scenarios that may lie ahead with tax reform."

Developed by tax professionals from KPMG's Washington National Tax practice, the 2018 Guide highlights individual tax planning, investment-related tax issues, family matters, and retirement planning, as well as information regarding business expense substantiation, bonus depreciation, and estate and gift planning for interests in family-controlled entities. Each chapter includes a brief overview of the applicable tax rules and planning tips.

About KPMG LLP
KPMG LLP, the audit, tax and advisory firm (www.kpmg.com/us), is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's independent member firms have 189,000 professionals, including more than 9,000 partners, in 152 countries.

Contact:

Taylor Ovalle/Robert NihenKPMG LLP
201-307-8279/201-307-8296
[email protected]; [email protected] 
On Twitter: @TayOvalle/@rgnihen

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SOURCE KPMG LLP