Tax Reform & Section 199A Deduction Overview

The legislation has passed; Congress has drastically changed the Internal Revenue Code by enacting the Tax Cuts and Jobs Act of 2017 (the “Act”).  With the changes to the Internal Revenue Code, you must make changes to the tax planning, financial planning, and estate planning techniques and strategies that you use when advising clients.

Join this session with taxation consultant Arthur Werner, where you will get an understanding of the major changes to the Internal Revenue Code by the Tax Cuts and Jobs Act of 2017. Arthur will outline all of the significant changes in the 1,100-page act. With this session, you will learn about the legislative changes that have occurred and how these changes will affect the compliance and planning needs of your clients. You cannot afford to miss this session if you provide planning services to clients! Arthur will provide you with ideas on how to create and/or update your client’s tax, financial, and estate plans due as a result of the new tax act.

Session Highlights

In this session, you will get review of new legislation, including:

• Detailed discussion on Section 199A Deductions
• Sunset provisions
• Affordable Care Act issues
• Tax Rates
• Standard Deduction changes
• Itemized Deduction changes
• Tax Credit changes
• Due Diligence issues
• “Kiddie Tax” issues
• Education issues
• Alimony issues
• MSAs and HSAs
• Fringe Benefit issues
• Retirement plan changes
• Estate and Gift tax changes
• Home Sale Exclusion issues
• Private Activity Bond issues
• Alternative Minimum Tax issues
• Business Expensing issues
• Luxury Automobile Limit issues
• Recovery Periods
• IRC §179 issues
• Business Interest restrictions
• Business Entertainment issues
• Net Operating Loss issues
• Business Credit issues
• Pass-Through Business tax rates
• Corporate Tax Rates
• Exempt Organizations
• IRS Administration issues
• International issues
• Repatriation issues

NASBA & IRS Category of Study: Taxes

Level: Basic

Who Should Attend

• Certified Public Accountants (CPAs)
• Enrolled Agents (EAs)
• Attorneys
• Financial Planners
• Other Tax Preparers
• Finance and Accounting Professionals
• Personnel in Accounting and Taxation Firms
• Personnel in law firms dealing with tax issues
• Small Business Owners
• Accountants