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John D. Scott

John D. Scott, CPA, is a partner in tax services and serves as a member of the HORNE board of directors. John joined HORNE in 2002 and has more than 25 years of public accounting experience serving as a tax advisor to corporate, flow-through and individual clients. He has participated in providing value-added tax services to clients including: tax compliance and planning, state and local tax restructuring, IRS practice, acquisition planning and structuring of transactions.
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Recent Posts

December 21, 2017

Tax Reform is Coming to Town

The largest re-write of US tax law in over 30 years is now complete and subject only to the President’s signature. The details are voluminous and initial guidance should appear in the next few weeks. However, as most of these provisions are in effect starting 1/1/18, it is important now to understand the major changes at least at a high level so we can ask the right questions as we engage in end-of-the-year tax planning. Here's a look at some of the highlights in the new tax plan and how they'll affect you:

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Topics: Tax Reform

November 21, 2017

Tax Reform Hits a Critical Juncture

Over the last week, the pace of work in Congress on tax reform has picked up substantially. The House passed the “Tax Cuts and Jobs Act” last Thursday, and the Senate Finance Committee reported out their version of the bill that evening. After this week’s Thanksgiving recess, the full Senate will begin to consider their bill starting next week. Most, but not all, provisions would be effective in 2018.

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November 03, 2017

House Tax Reform Details Unveiled

The House Ways and Means Committee just released the details of their tax reform bill and will start hearings next week. The Senate Finance Committee will roll out their companion legislation in the next couple weeks.

Many of the provisions are similar to those of the joint framework released in late September. However, now we have more specifics, albeit with many gaps still remaining.

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Topics: Tax, Tax Reform

September 28, 2017

Tax Reform Starts to Take Shape

After fits and starts over the last nine months, a broad tax reform plan is now beginning to emerge between Congress and the White House.

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Topics: Tax Reform

May 04, 2017

Trump Tax Reform Outline Offers Much Hope, Few Details

Last week, President Trump released an outline of his tax plan. Many of you have probably seen or heard a few different snippets from it. While it was written very broadly, it is instructive on the administration’s thinking. It follows the House Republican “Better Way” plan in some respects but also has some major differences. 

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Topics: Tax, Tax Planning, Tax Reform

March 21, 2017

When Will Washington Finally Pass Tax Reform?

Since last year's election campaign began, a consistent chorus from politicians has been the need for tax reform. While Republicans and Democrats will disagree on the details, the overall notion is popular. Now, with control of both houses of Congress and the White House, it would seem that Republicans could move a plan of their choosing with little problem.

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Topics: Tax Reform

November 17, 2016

Biggest Takeaways from Trump's Tax Plan

After one of the most memorable and acrimonious presidential campaigns in American history, Donald Trump stunned observers by defeating Hillary Clinton to be elected the 45th President of the United States. Additionally, the Republican Party maintained control of both the House and the Senate.

This combination will give Mr. Trump and a Republican Congress a unique opportunity to shape many areas of policy, such as health care, regulatory reform, defense spending, immigration and more. However, near the top of that list will almost certainly be taxes. 

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Topics: Tax, Tax Reform

July 21, 2016

House Republicans' Blueprint for Tax Reform in 2017

Recently, House Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady released a blueprint for comprehensive tax reform. While these proposed changes are not authored by either presidential nominee, they will likely be an integral part of any tax reform taking place in 2017, assuming the Republicans maintain House control. The blueprint is a step towards tax law simplicity and is pro-growth, leading some to believe the Senate might take action on similar legislation as well. 

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Topics: Tax Reform

June 16, 2016

Trump vs. Clinton: Tax Proposals

Tax policy is a critical element of any presidential campaign, and this year is no different. Presumptive nominees Donald Trump and Hillary Clinton have proposed very different tax law changes, and it is not too early to take a look at the highlights of these proposed plans. Keep in mind that regardless of the outcome, neither candidate will have all of his or her proposals enacted into legislation.

The two plans have some distinct differences that are worth a closer look. Highlights are as follows:

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Topics: Tax Rates, Tax Proposal, U.S. Deficit, Presidential Election

January 14, 2016

Tax Extenders – The Gift that Keeps on Giving

In the waning days of 2015, Santa stopped by the U.S. Capitol, loaded his sleigh with goodies and delivered them to taxpayers from coast-to-coast.

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Topics: Tax

October 09, 2015

Tax Changes Coming

In my July blog, I wrote about the likelihood of meaningful tax reform, possibly in 2017. The premise was that such an undertaking is long overdue, and the context was that political reality still will make it exceedingly difficult to accomplish.

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Topics: Tax, Tax Planning

July 16, 2015

Is Meaningful Tax Reform Coming?

It has been 29 years since the last major rewrite of the Internal Revenue Code.  That effort in 1986 was preceded by one in 1954, a 32-year interval.  If we are to see another one, it could happen in 2017 or 2018, interestingly also nearly an identical interval.

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Topics: Tax, Tax Planning

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