Tax Cuts And Jobs Act - Professor Annette Nellen Highlights Changes In Tax Legislation On Existing Tax Code | TaxConnections
I often find it helpful to see how tax legislation changes existing Internal Revenue Code sections. So, I took a few and made the modifications called for in P.L. 115-97 (12/22/17) (the Tax Cuts and Jobs Act), and show how they change the relevant Code section using track changes. I also include the effective date information. For the changes to 448, I also include a caution about how the favorable methods changes don't apply to "tax shelters" which could include some limited partnerships and LLCs even though they don't act like a typical tax shelter. Here are the ones I modified:
