Qualified Business Income Deduction: Permitting business owners to claim a tax deduction equal to up to 20% of “Qualified Business Income”, this new deduction is intended to incentivize owners of pass-through entities to invest in their businesses to grow the economy. Successfully claiming the deduction requires navigating a complex statutory framework. This seminar will teach practitioners how the Qualified Business Income Deduction can be applied to increase clients’ bottom lines.
Qualified Business Income Deduction: As its name suggests, the purpose of the 2017 Tax Cuts and Jobs Act is to reform the Internal Revenue Code to promote economic growth. The Tax Cuts and Jobs Act seeks to achieve its goals in both straightforward and complex manners. In an attempt to make C-corporations great again, the corporate income tax rate has been slashed. For pass-through entities tax reform is more complex. This seminar will focus on new Code Sec. 199A and its Qualified Business Income Deduction. Intended to reward small business owners for investment in employees and capital assets, this powerful new tax deduction permits small business owners to claim a tax deduction equal to up to 20% of the income from their pass-through businesses.
In this seminar, we will explore the mechanics of the Qualified Business Income Deduction and provide a roadmap to navigating the opaque language of new Code Sec. 199A. Through practical examples, this seminar will teach how the Qualified Business Income Deduction applies to taxpayers operating in the real world as well as the technical expertise needed to navigate Code Sec. 199A’s multistep analysis. Audience participation is encouraged and ample time will be afforded to address participant questions so attendees are encouraged to come prepared. Clients have questions about how tax reform will affect them – after this seminar you will have answers.
Planning Opportunities for Real Estate Owners Before and After the Tax Cuts and Jobs Act: Commercial real estate investors will encounter numerous changes in their tax situations due to the 2017 Tax Cuts and Jobs Act. In this seminar, we will explore what tax reform means for the commercial real estate world as well as strategies and updates on tax saving measures for commercial real estate owners such as cost segregation studies, capital recovery, tax credits and incentives.
Planning Opportunities for Real Estate Owners Before and After the Tax Cuts and Jobs Act: The 2017 Tax Cuts and Jobs Act represents a significant change in the Internal Revenue Code – largely for the better as far as commercial real estate owners and investors are concerned. At this seminar, the impact of the Tax Cuts and Jobs Act on commercial real estate owners, investors and operators will take center stage as we discuss how tax reform impacts the real estate world. Specific attention will also be given to notable tax reform changes affecting commercial real estate including the new loss carryforward and expensing rules, bonus depreciation, and Code Sec. 179 options. Updates on recent Court decisions impacting tax planning for commercial real estate owners including with respect to 1031 exchanges will also be discussed.
The presenters will provide updated analysis of tax saving strategies for commercial real estate owners including the latest developments in cost segregation studies, capital recovery and leasehold improvements. Real estate owners commonly under depreciate assets – this seminar will demonstrate how cost segregation studies, fixed asset studies, and the new § 179 expensing rules can be applied to reduce tax burdens by finding the “right” amount of depreciation. Particular attention will also be given to investment credits available to commercial real estate owners. Ample time will be afforded for audience participation and questions. The goal of this seminar is to provide attendees with a clear understanding of commercial real estate tax planning and cost recovery strategies in the post-tax reform world through clear analysis and helpful examples to showcase how recent tax law changes impact real world situations.