The Tax Cut and Jobs Act of 2017 has materially changed how tax professionals advise their clients and prepare tax returns. Even as the IRS continues to promulgate regulatory guidance on the new law, this year’s seminar will update you on important compliance and planning issues. In addition, this year’s program will address relevant and cutting-edge material concerning tax implications to buyers and sellers of a business and/or real estate, retirement plan distributions, estate planning and estate administration, tax deferral via Qualified Opportunity Fund investments, business succession planning matters and more.
BENEFITS
Earn 7 CPE credits in Taxation.
HIGHLIGHTS
In this session, learn the answers to:
- Implications of individual income tax changes, including SALT deductions, interest deduction on personal residences and the individual business loss deduction limitations.
- Who is eligible for the 20% qualified business income deduction under IRC Section 199A? And, how is it computed? Lessons learned from the recently completed 2018 tax filing season.
- What are Qualified Opportunity Funds – An alternate tax deferral technique that may be better than IRC 1031 like-kind exchanges.
- How the Tax Cuts and Job Act impacts the tax implications to Buyers and Sellers of businesses and real estate.
- How the Tax Cuts and Job Act impacts the taxation of C Corporations.
- Other Business tax changes, including the implication of the limitation of the deduction of business interest.
- Will the Secure Act be passed and what impact will it have on Retirement Plan Distributions.
- What are the latest business succession planning issues that your clients should be considering in light of the new tax law?
- Should your clients consider modifying, or even terminating, trusts in light of the current increased exemption and the benefit of the step up in the tax basis at death.
- How should your clients re-structure their estate plans in the current environment of estate and gift tax uncertainty?
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
Early birds save $25 - late fee applied after 11/21.
This event is NOT part of the Middlesex/Somerset Season Pass.
Course Materials
For course information and handouts, please visit your My Events page. Hard copies of the handouts WILL NOT be available at the meeting. Please be sure to download or print a copy for your reference prior to the meeting.
Share the Gift of Giving
Make a Smile Foundation, Inc. provides shopping sprees, new clothing, and holiday parties for underprivileged children in the NJ/NY metropolitan area. The Middlesex/Somerset Chapter will be collecting new, unwrapped toys in support of Make a Smile at the Annual Tax Seminar.