February 01, 2018 Substantive Law

Federal Tax Reform Says #MeToo

By Scott P. Horton

On December 22, 2017, President Donald Trump signed sweeping tax reform legislation. Most of the tax changes take effect beginning in the 2018 tax year. But a little-publicized aspect of the law may affect some 2017 returns. More notably, and surprisingly, it results in the Internal Revenue Code leading the way as the first federal statute of general applicability to be amended in direct response to the #MeToo movement.

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