Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available. Revenue Ruling 2020-19, Rules for certain reservesPDF Rev. Rul. 2020-05, Section 1016 - Adjustments to Basis of Insurance ContractsPDF Rev. Rul. 2019-13, Section 1368—DistributionsPDF Rev. Rul. 2019-11, 26 CFR 1.111-1: Recovery of certain items previously deducted or credited. (Also: § 164; 1.164-1.)PDF Rev. Rul. 2018-29, Section 1400Z-2 — Special Rules for Capital Gains Invested in Opportunity ZonesPDF Rev. Rul. 2018-13, Section 807 — Rules for Certain Reserves (This information is to be used by insurance companies in computing reserves.)PDF Rev. Rul. 2018-11, Section 1274A — Special Rules for Certain Transactions Where Stated Principal Amount Does Not Exceed $2,800,000 (2018 adjustment for inflation under § 1274A for qualified and cash method debt instruments.)PDF Tax Reform Guidance Topics Regulations Treasury Decisions (TDs) Revenue Procedures Revenue Rulings Notices