This guide provides an overview of major provisions in the comprehensive Tax Cuts and Jobs Act that affect franchised car and truck dealers. Drafted by three dealer CPA firms that assisted NADA during the legislative process that
led to the law’s enactment in December 2017, the guide provides an overview of the legislative process and then lists topics alphabetically under “Business Tax Considerations” and “Individual Tax Considerations.” The guide also contains charts and
graphs to illustrate the law’s effect on businesses and individuals.
Tags: AMT, Bonus
Depreciation, Credits, Deductions, Gift Tax, Estate Tax, Expensing, Floor Plan, Interest , Like-kind Exchange, NCFC, NOL, Pass-through, PFIC, Reinsurance, Tax
Rates, Tax Reform, UNICAP, L58, DMG, Driven Management Guide, Driven guide, #DrivenGuide, #MemberBenefits>