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TAX1817
Impact of Tax Reform on Closely-Held Businesses and Their Owners
Date
June 13, 2018
$49
Standard Price
This product is also available as part of the following products:
This includes sessions from AICPA ENGAGE 2018:
This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA ENGAGE 2018)
There are many aspects of TCJA which will dramatically impact such businesses, as well as their owners. Choice of entity will be in the forefront, along with qualifying for the new Sec. 199A deduction. The ability to write-off asset acquisitions, repairs and improvements have markedly expanded. Businesses with average gross receipts < $25 million have gained major advantages with regard to method of accounting, completed contract method, and uniform capitalization. However, use of NOLs and deducting interest expense have been curtailed.
Learning Objectives:
• Understand & evaluate the changes made be TCJA impacting closely-held businesses
• Implement these changes to maximize tax impact especially re: Sec. 199A and choice of entity
Speaker
John J. Connors, LL.M. (Taxation)
President, Tax Educators' Network, Inc.
General
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