Tax Planning Developments & Opportunities Under TCJA

Description

The Tax Cuts and Jobs Act (TCJA) of 2017 enacted the biggest tax reform overhaul in decades. It had a monumental impact on corporations where the AMT was repealed, and the top tax rate was reduced from 35% to 21%. Likewise, the introduction of a new 20% Qualified Business Income (QBI) deduction for pass-through businesses created an appealing tax break for small businesses and a potential desire to restructure existing businesses to better qualify for the deduction.

This webcast provides a comprehensive overview of changes to tax rates, the increased standard deduction and the new QBI deduction. We will explore tax planning developments and opportunities under TCJA, so you can plan to take advantage of the new rules!

Learning Objectives
  • Understand the changes in tax rates under the TJCA of 2017
  • Identify changes to AMT under the TJCA of 2017
  • Identify the consequences of the increased standard deduction for households who itemize deductions
  • Understand how the new QBI deduction impacts taxpayers with pass-through businesses
  • Recognize how taxpayers can restructure existing businesses to better qualify for QBI.
Provider
AICPA
Course Level
Intermediate
CPE Field of Study
Specialized Knowledge
2.0
Instructor(s)
Michael Kitces
Prerequisites

Basic knowledge of tax compliance and planning concepts

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When
Jul 11, 2018
1:00 pm - 2:45 pm
Location
Online
Total CPE Credits
2.0
Format
Webinar
Instructor
Michael Kitces

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Tax Planning Developments & Opportunities Under TCJA


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