It’s been a year since many of the provisions of the Tax Cuts and Jobs Act of 2017 came into effect, making the 2018 schedule K-1s and tax returns that firms released in recent months to investors and the IRS the first to address most of the new changes under the law.

James Casey, Ed Daley and Doug Puckett from Deloitte discuss the key takeaways from this tax season and the complexities that came with it.

“Unless Congress decides to make significant changes to the 2017 Tax Act provisions, the complexities discussed here plus various other provisions (such as related state tax issues) are here to stay – at least until many of them sunset in a few years,” they wrote.

This email was prepared by Brian Bonilla.