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National Tax Conference 2019

NTA1939 - The Choice of Entity under Tax Reform

Nov 14, 2019 2:30pm ‐ Nov 14, 2019 3:20pm

Standard: $49.00


The TCJA changed the tax rates for C corporations and created the Qualified Business Income Deduction for sole proprietorships and pass-through entities. Do these changes move the needle, so that businesses should change their entity structure? What does 'separable books and records' mean in the context of Section 199A?

Learning Objectives:
  • Compare C corporations to flow-through entities under the TCJA to understand when a change in entity may be beneficial for the taxpayer.
  • Distinguish separate from separable in understanding the significance of a business' books and records.


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