Shaune Scutellaro, CPA will continue a discussion on Section 199A of the Tax Cuts and Jobs Act, the new 20 percent deduction for passthrough business entities. Then, hear an analysis of the changes to corporate taxation in light of sweeping federal tax reform from Phil Drudy, CPA, Esq.
BENEFITS
Earn 4 CPE credits in TX.
HIGHLIGHTS
199A & Passthrough
Shaune Scutellaro, CPA - CohnReznick
In this meeting, we will discuss:
- Review of the new 199A Code and its impact on taxpayers.
- Review of the W-2 Limitation phase in and Service business phase out for the deduction.
- Service Businesses and new favorable regulations that bring some clarity
- Aggregation
of Qualified Business Income and Attributes under the new regulations
Corporate Tax Update
Phil Drudy, CPA, Esq. - Smolin, Lupin & Co., P.A.
Review of TCJA provisions that impact corporations other than 199A:
- Flat Rate
- Choice of Entity C-Corporation or Pass-Through
- Business Interest Limitation
- Bonus Depreciation
- Small Business Accounting Changes
- New Qualified Opportunity Zone Provisions
- Qualified Small Business Corporations (QSBCs)
- Modified Territorial System
- Other
A corporate update other than TCJA and information on the Wayfair v. South Dakota decision will also be given.
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
$14 late fee will be applied after 10/31. Season Pass holders must register for each event.
For course materials, please visit your My Events page. Handouts are added as received, remember to check back for updates.
Help Feed Those in Need- The NJCPA Emerging Leaders Council is hosting a Food Drive to benefit the Community FoodBank of New Jersey. Please bring your nonperishable items and canned goods to this event. Peanut butter and tuna fish are always needed.