Tax Cuts and Jobs Act:
§199A Pass-Through Deduction and C Corp or Pass-Through?

Written and Instructed by Bradley Burnett, J.D., LL.M. (Taxation)

(4 hour morning course)

The all-new §199A pass-through deduction cuts non-C Corp income tax rates to the lowest in over 3 decades, but only for those eligible. The problem? Some higher income taxpayers, along with some lower income taxpayers, are aced out or trimmed back.

The new legislation (TCJA) seems to turn the choice of business entity analysis on its ear. Or does it? And, if it does, which ear? Is racing out to become a C Corp all it’s cracked up to be? This session cracks the egg, makes it understandable and instructs how to plan for best results.

Highlights:

  • Complex new pass-through entity deduction (QBID) clearly explained
  • What is the taxable income limitation – How to avoid its harsh impact?
  • Why wages and property may be important in each business
  • Is the definition of “specified service business” (SSB) the monster it appears to be?
  • Lasso income into the right spots & maximize QBID (turn high taxed tears to joy)
  • Consequences of new Corp rate cuts – Are C Corps still like lobster traps?
  • New rule cuts a break on switching S to C
  • But, what about switching from C to S?
  • Choices, choices
  • Outlier strategy if you don’t buy green bananas anymore
  • Winners, losers and the newly perplexed (how to help them all)

 

Course Dates and Times

  • Overland Park
    June 18, 2018
    8:30 am - 12:00 pm
  • Wichita
    June 25, 2018
    8:30 am - 12:00 pm