Description
Take a closer look at TCJA in terms of its tax benefits, consequences and how these new rules apply to you.
What impact from the Tax Cuts and Job Act of 2018 (TCJA) will business owners and individuals face this year? TCJA imposes new tax rules on employer benefits, employee withholding and the earnings of CCorporations, SCorporations and passthrough business entities. Some changes will benefit taxpayers. Others will not. This information takes a close look at TCJA in terms of its tax benefits, consequences and how these new rules apply to you. We will also examine a few 2019 tax planning opportunities that can still be implemented.
Date: 2019-02-14 Start Time: End Time:
Learning Objectives
Comparison of New and Old Income Tax Rates
• Individual Tax Rate Changes
• Business Tax Rate Changes
• Estate and Trust Tax Rate Changes
Changes Effecting Tax on Businesses,Trusts and Estates
• How to Apply New Section 1031 Like-Kind Exchange Rules
• The Hidden Silver Lining That Now Exists
• Navigating the Ins and Outs of Meals and Entertainment
• Application of the New Net Operating Loss Rules
• NOL Carryover Transitions and Adjustments
• New Section 199A Passthrough Income Deduction
• Summary and Application Overview
• Consequences and Benefits of Deductions, Exclusions and Credits
• Business Interest
• Alternative Minimum Tax
• Research Tax Credit
• Family Leave
• Depreciation
• Dividends
• The New Base Erosion and Anti-Abuse Tax (BEAT)
• What Taxpayers Are Affected
• How to Define Modified Taxable Income
• Types of Tax Adjustments
Changes Effecting Individual Taxpayers
• Summary of Itemized Deductions
• What’s Gone, Limited and Re-Written
• Hidden Payroll Withholding Change
• Credits and Exemptions
• IRA • New Rule Adoption
• Owners of Rental Income Property
Planning Considerations for 2019
• Business Tax Restructuring
• Investor Planning to Unlock Deferred “Wash Loss Sales”
• Business Risk Protection Through Captive Insurance
E. Pete Lewis, MBA, CPA, EA-Lewis & Associates Tax Planning, Inc.
