Before You Sell, Prepare a Tax-Efficient Exit Strategy
The Tax Cuts and Jobs Act, signed into law in December 2017, promises lower federal tax rates and several tax deductions for C-corporations and pass-through entities. But there are several limitations to the new tax benefits for businesses, particularly the qualified business income (QBI) deduction.
Learn to optimize the benefits that do apply to your business—and steer clear of the pitfalls of the new law—in this informative session with tax and bankruptcy attorney Haleh C. Naimi. For instance, Naimi will cover the provision that allows individuals to deduct 20% of qualified business income (QBI) from a sole proprietorship, S-corporation, or a partnership. She will also outline the limitations to the QBI deduction benefit for income from a “specified service trade or business” (e.g., law, health, and financial services).
In addition, Naimi will explain how owners looking to sell their businesses can design a tax-efficient “exit strategy.” She will discuss the impact of the interest expense and Net Operating Loss (NOL) limitations, as well as expensing for capital investment on the negotiations of an asset sale. And she’ll address the impact of the new tax law on qualified small business stock sales.
This program will cover:
New provisions of the Tax Cuts and Jobs Act
How to design a tax efficient exit strategy when transitioning ownership of your business
The impact of new tax law on qualified small business stock sales
The impact of tax reform on interest expense and NOL limitations
Haleh Naimi is a tax and bankruptcy attorney representing individuals and businesses (ranging in size from small to middle-market) in complex tax, bankruptcy and commercial litigation matters throughout California and New York. She has lectured on tax controversy issues involving collection and bank...