Erin Avnet, partner at Citrin Cooperman, an international assurance, tax and advisory firm with an office in Livingston, said her colleagues, too, are still dealing with the after-effects of TCJA.
“It’s been difficult for both taxpayers and CPAs,” she said. “The goal of simplifying taxes did not turn out as anticipated, as this has been the most challenging tax year for many, and there are not even final regulations with some of the new tax law changes.”
There has not been a lot of guidance alongside the significant changes and new forms across the board for businesses and individuals, Avnet added.
“Each time something comes out, we have to work to wrap our heads around it to make sure we are in the know and can provide our client with the guidance they need,” she said.
CLICK HERE to read the full article by ROI-NJ reporter, Meg Fry
You might also like “Ways to work around tax-reform limitations, including timing deductions and offsetting gains,” where Erin also talks with ROI-NJ about some ways to take advantage of tax reform changes.