After much back and forth, the House and Senate both voted to pass the Tax Cuts and Jobs Act (Act), and the President is expected to sign the legislation shortly. The changes made by the Act are arguably the biggest leap towards comprehensive tax reform of the Code since 1986. Below are highlights of certain provisions as they relate to executive compensation and employee benefit plans. While not all plans and plan sponsors will be impacted by these changes, we encourage you to review these with your tax advisor and counsel to determine whether you need to take action.
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