Don Farmer’s Tax Cuts and Jobs Act of 2017 Update

Description

Please note the in-person space for this event is currently full – please email team@macpa.org if you would like to be added to the in-person wait list for this event – if space is added to this event you will be added to the event and contacted for a registration or you can register for the simulcast (webcast) by selecting the simulcast radio button below

In this course, we review the provisions of the Tax Cuts and Jobs Act of 2017 which we believe affect the vast majority of individual and business taxpayers using a combination of humor and examples. We will emphasize tax planning for individuals, corporations, and non-corporate businesses.

The course format is designed to update CPAs with various levels of experience.

Learning Objectives
  1. To review the major provisions of the Tax Cuts and Jobs Act of 2017. This course includes a detailed outline. The seminar is designed to update participants concerning the major provisions of the Tax Cuts and Jobs Act of 2017 passed by Congress on December 20, 2017.
Major Topics
  1. Individual Provisions - New individual income tax rates effective for tax years beginning after 2017, capital gains and qualified dividend rates, new kiddie tax rules, enhanced child tax credit, limitation on state and local tax deductions, reduction in amount of qualified home mortgage acquisition indebtedness for which interest is deductible, repeal of certain itemized deductions, modification of AGI limit for charitable contributions, limited deduction for casualty losses, changes to section 529 plans, elimination of alimony deduction, limitation on gambling losses, new rules for ROTH conversions, changes to rules allowing rollovers to IRAs, changes to estate gift and generation-skipping taxes, modification of individual AMT rules, repeal of ACA requirement for individuals to have medical coverage, new rules for taxation of carried interest, and much more.
  2. Business Provisions - Reduction in C corporation tax rates, new 20 percent deduction for qualified income from S corporations, partnerships, proprietorships and trusts and estates, 100 percent depreciation deduction effective for assets acquired and placed in service after September 27, 2017, increased 179 depreciation deductions, new limitations for NOL carrybacks and carryovers, modification of recovery periods, new rules for real property qualifying for the 179 deduction and the 168(k) depreciation deduction, more flexible accounting methods for small businesses, new limitation on deduction for business interest, limitations on like-kind exchanges, and much more.
Course Level
Update
Professional Area of Focus
Business & Industry
Industry
Personal Financial Planning
Practitioners
Tax
CPE Field of Study
Taxes
8
Who Should Attend
Individuals wanting to understand the provisions included in the Tax Cuts and Jobs Act of 2017.
Instructor(s)
Walter Nunnallee
Prerequisites
Prior knowledge of current tax law
Location

Martin’s West, 6817 Dogwood Rd Baltimore, MD 21244-2608

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When
Jan 26, 2018
8:00 am - 4:00 pm
Location
Martin’s West, 6817 Dogwood Rd Baltimore, MD 21244-2608
Total CPE Credits
8
Format
In-Person + Simulcast
Instructor
Walter Nunnallee

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Don Farmer’s Tax Cuts and Jobs Act of 2017 Update


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