Sunset or Here to Stay - What will Become of TJCA?
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The Tax Cuts and Jobs Act ("TCJA") changed deductions, depreciation, expensing, tax credits and other tax items that affect businesses, in addition to increasing the lifetime gift and estate exemption. Long expected to Sunset in 2025, the re-election of President Trump brings that into question. With 11 months remaining before the Sunset is to take place, much remains unknown.
Christopher Lee is the Sole Member of the accounting firm Christopher A. Lee CPA PLLC. His practice offers a comprehensive approach to tax, business, and advisory services to individuals, high-net-worth families, and closely held businesses. As a trusted advisor to his clients, Mr. Lee coordinates strategically with experts in various legal, wealth management, and risk management industries on behalf of clients to align their finances with their purpose.
