LIKE WHAT YOU READ? Share this article : The Effects of Tax Reform (January 2018) On December 22, Congress passed the Tax Cuts and Jobs Act, making tax reform a reality. Having taken effect on January 1, 2018, it is important to understand how you and/or your business will be impacted. Click here for a summary of the major changes for individuals, businesses, international operations, and trusts and estates. Back to White Papers