August 26, 2019


In-Person

Embassy Suites Huntsville
800 Monroe St SW, Huntsville, Madison County, Alabama 35801-5576


8 Total CPE Credits

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Tax Cuts & Jobs Act - QBI Deduction & TCJA Update

  • Instructor

    J. Garverick

Learning Objectives

Once participants have completed this session they should be able to explain the newly enacted individual and business income tax provisions of the TCJA to their clients, colleagues and employees.

Major Topics

*20% deduction for qualified business income for sole proprietors and pass-through entities (New IRC 199A) *Individuals - reduction to the income tax rates and modifications to the AMT and kiddie tax calculations *C corporations - reduction to the income tax rates, AMT repeal and modifications to the dividend received deduction *Partnerships - technical termination rule repeal and 743 substantial built-in-loss changes *S Corporations - new distribution ordering rules for eligible terminated S corporations *New excess business loss limitations *Modifications to the NOL rules *Changes and increases to both the 179 expense and bonus deprecation and other depreciation changes for farmers *Modifications to fringe benefits including the elimination of entertainment expenses *Elimination of like-kind exchanges for personal property *Modifications to the individual standard deduction, itemized deductions and personal exemption *Reduction of the individual mandate tax (i.e., shared responsibility payment) to zero *New business interest expense limitations *Repeal of the domestic production activities deduction (199) *Expansion of the cash method of accounting and exemption from percentage of completion method *New general business credit for family and medical leave

CPE Credits Available

8
Total CPE
8
Taxes

Embassy Suites Huntsville

800 Monroe St SW, Huntsville, Madison County, Alabama 35801-5576

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

None

Advanced Preparation

None

Intended Audience

Professionals in public or private practice in need of an in-depth training of the income tax provisions of the newly enacted Tax Cuts & Jobs Act (TCJA).

Provider

Phoenix Beach

This event has ended.