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Tax Legislation Process M1 406

Using Thomson Reuters Checkpoint, prepare a research paper, and based on the tax reform act of November 2017, provide an analysis of how a piece of tax legislation becomes a tax law. Choose the six most important changes (three for businesses and three for individuals) between the 2017 tax law and the 1986 tax law. Explain and justify your choice. Your research should include:
An explanation of the various constituents and various levels of government involved in the process.
A choice and reason for the choice of six key changes between the American Taxpayer Relief Act (ATRA) of 2012 and the Tax Cut and Jobs Act (TCJA) of 2017 tax law for businesses (3) and for individuals (3).
The reasons and effects on single, married, or head of household taxpayers (choose one category of taxpayer only) with business income as a sole proprietor, a partner, or a shareholder.
Your paper must meet the following requirements:
Your written paper should be a Word document,
Use key terms such as LLC, Taxation, etc.
Use terms, evidence, and concepts from class readings.
You should use the required textbook, along with a minimcixum of two external sources.

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