You’ve gotten through one of the busiest tax seasons and hopefully the best as well. You are likely still working on extensions and probably getting ready for the 2018 income tax return.
Now is the time to learn more about how the tax reform will affect you and your clients. Join Stein Sperling attorney David De Jong, Esq. for the latest update.
Individual changes including:
New tax brackets for individuals;
Dramatic changes in itemized deductions;
Modifications to education incentives;
Doubling of estate tax unified credit;
Changes in alimony rules; and more
Business changes including:
21% rate for C corporations;
Special deduction for unincorporated businesses;
Expanded cost recovery;
Expansion of cash basis accounting;
Business interest deduction limitation;
New operating loss rules; and more