On December 22, 2017, Pub. L. 115-97— commonly referred to as the Tax Cuts and Jobs Act (TCJA)—was enacted, representing the first major update to U.S. tax law since 1986. From this page, you can access updates and insights on the TCJA.
Get the latest on what's happening with tax reform as the implementation of the 2017 law continues
Get the latest on what's happening with tax reform as the implementation of the 2017 law continues
Articles, publications, and videos from KPMG about the implementation of the 2017 tax legislation
Articles, publications, and videos from KPMG about the implementation of the 2017 tax legislation
Qualified Opportunity Zones enable taxpayers to defer and reduce capital gains and make a positive social impact
Qualified Opportunity Zones enable taxpayers to defer and reduce capital gains and make a positive social impact
Latest insights
May 30, 2022
The authors of this article explore the complexities that corporations face (and the potential benefits they may enjoy) if they have charitable contributions and net operating loss carryovers available for deduction on their 2021 returns.
March 2022
The authors of this article describe changes to section 174 and what this may mean for entities that provide contract research and development services to related parties.
February 17, 2022
KPMG Inside International Tax podcast | Mandatory capitalization of R&E is here (for now). In this episode, we turn to this sleeper provision from the TCJA and unpack some of the international tax implications from the provision that might ripple through your financial statements and tax returns. [31:41]
February 1, 2022
KPMG Inside International Tax podcast | As 2021 wound to a close, Treasury and IRS left us with a parting gift to unwrap and analyze. In this episode, we describe select aspects of the final foreign tax credit regulations and consider, among other things, their impact on our understanding of the evolving network of global foreign levies. [39:57]
January 26, 2022, 2:00 p.m. ET
Effective for 2022, research and experimentation (R&E) expenditures are no longer allowed to be deducted as incurred. The TCJA mandates that, for tax years beginning after December 31, 2021, R&E expenditures be amortized. Absent a legislative change, these changes need to be factored into estimated tax payments, tax returns, and financial statements for tax years. This webcast examines these scheduled changes.
January 21, 2022, 2:00 p.m. ET
Final foreign tax credit (FTC) regulations were released by the U.S. Treasury Department and IRS in late December and published in the Federal Register on January 4, 2022. This webcast examines this latest set of FTC regulations, which primarily concern the determination of the FTC and the allocation and apportionment of deductions (including foreign income taxes) in determining the FTC limitation.
