> changes that result in immediate and massive new liabilities are unfair.
Congress knows this: the law was passed in 2017 but only took effect for tax year 2022. This very issue was widely discussed at the time.
That was five years to figure out what to do and your CFO (or at the very least your tax accountant) should have been warning you. I mean, if your tax accountant doesn't know the tax law that's a bad thing.
Congress knows this: the law was passed in 2017 but only took effect for tax year 2022. This very issue was widely discussed at the time.
That was five years to figure out what to do and your CFO (or at the very least your tax accountant) should have been warning you. I mean, if your tax accountant doesn't know the tax law that's a bad thing.