Trump tax plan

A look at the major developments from the past year.

Lower corporate tax rates will lead to some very interesting financial reporting.

Not every jurisdiction is ready to accept prepayments.

The issue points to the need for technical corrections for the Tax Cuts and Jobs Act.

The drop in corporate rates could causes issues with deferred tax assets and liabilities.

The IRS pushed back the deadline for 1095-Bs and Cs -- and said taxpayers can send in returns without them.

The Internal Revenue Service has proposed guidance on the new partnership audit regime that promises to make it easier for firms, if not all their partners, but with some extra complications added by the new tax reform law.

Republican lawmakers said they wanted to simplify the tax code so you could file your return on a postcard. It turns out the new tax law will be anything but simple for many affluent Americans, who are now inundating their accountants for advice.

The Securities and Exchange Commission is giving companies some leeway as they prepare their quarterly financial statements after passage of the Tax Cuts and Jobs Act.

Normally right about now, many on Wall Street would be packing their bags for the Caribbean or the slopes. Not this year.