Tax pros are suddenly very popular, if a little confused
WASHINGTON (AP) — Don't feel bad if you don't understand how the new tax bill will affect you. Chances are, your accountant doesn't yet either.
From New York to Kentucky to Florida, accountants and tax lawyers are scanning the 1,000 page measure, fielding a swirl of questions from clients and swapping tips via email in their efforts to fully grasp the bill's far-reaching changes.
When the House and Senate released the final tax bill late last week, it gave many experts their first look at what will become as vast rewrite of tax law. Congress gave approval to the measure Wednesday, and President Donald Trump is to sign it early next month.