Tax Cuts and Jobs Act:
Cost Recovery, Accounting Methods, Inventory & Other Business Changes

Moving Targets with All New Bulls-Eyes

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

(4 hour afternoon course)

The new tax legislation is popping at the seams with new privileges and challenges. Are you a winner or a loser? It depends on who you are. The Tax Cuts Jobs Act line-by-line, provision-by-provision, imposes surprising results, both good and bad. Many of the areas change do so very deeply and meaningfully.

Highlights:

• Cost recovery – Fast choices and impact short and long term
• Tax accounting, inventory and UNICAP revolution – Huge deal
• We’ll have 3115s coming out our ears
• Interest expense deduction assaulted for some – Can you elect out? At what cost?
• Entertainment deduction axed. Real question: What is left?
• Why everyone must be concerned about whether something is a tax shelter every day
• What about all those tax breaks taken away (tears) – What to do now?
• Current business losses and NOLs need extremely clear thinking
• Effective dates and strategies are all over the place
• Best moves to make on 2017 and later tax returns
• How many more new elections and forms can there be?
• Grab it now if it’s good

Course Dates and Times