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Date / Time / Location

Tuesday, July 31, 2018
8:30 AM - 4:30 PM
Registration: 8:00 AM

APA Hotel Woodbridge120 Wood Avenue South
Iselin, NJ 08830
732-494-6200

CPE Credits

  • 8.00 CPE Credits in TX

Pricing

  • $379.00 - Non Member
  • $279.00 - Member

Course Developer

Qualifies For

  • CFP
MORNING SESSION: The Tax Cuts and Jobs Act (TCJA) contains widespread changes that affect many aspects of individual and business taxes for 2018 and beyond. Your clients will be coming to you with a myriad of concerns and planning questions. Don’t get caught off guard. Get up-to-speed on the critical aspects of the new law and prepare to effectively advise both your individual and business clients.

AFTERNOON SESSION: The most pressing question tax practitioners have regarding the TCJA is – how does the 20% deduction for pass-through entity owners work? We at Surgent have given numerous webinars and have received hundreds of questions regarding this deduction. In response to all those questions we decided to offer a seminar on the deduction itself, complete with numerous examples illustrating how this deduction works. We invite you to attend this interesting, insightful, and practical program.

Designed For

Tax practitioners seeking to understand the new tax legislation and how it impacts their clients, and understanding the §199A deduction.

Benefits

  • Understand and apply the categorical changes in the tax law brought about by the Tax Cuts and Jobs Act
  • Understand how the 20% deduction for pass-through entity owners works: how to calculate, apply and claim the §199A deduction

Highlights

MORNING SESSION: The Tax Cuts and Jobs Act
  • Reduction in individual and corporate tax rates
  • Taxation of pass-through entities
  • Deduction of home mortgage interest
  • State and local tax deductions
  • New alimony rules
  • Repeal of the Obamacare individual mandate
  • Standard deduction and itemized deductions
  • Child tax credit
  • Use of §529 accounts
  • Survival of personal AMT and repeal of corporate AMT
  • Estate and gift tax
  • New limitations on business losses
  • New depreciation rules and §179 expensing
  • Business interest
  • Modification of NOL rules
  • New credit for employer-paid family and medical leave
  • Repatriation of foreign funds
AFTERNOON SESSION: Understanding Section 199A
  • The fundamental requirements to claim the §199A deduction
  • What constitutes qualified business income (QBI)
  • W-2 limits and depreciable property limits on the amount of the §199A deduction
  • Calculating the §199A deduction
  • Types of businesses and services eligible for the §199A deduction
  • The income limitations imposed on specified service trades or businesses
  • How S corporation shareholders and partners/members claim the §199A deduction

Prerequisites

A basic understanding of the Federal tax rules relating to individuals and businesses.

Advance Preparation

None

Additional Notes

  • This seminar qualifies for CFP credit.
  • This seminar is IRS-Qualified for Enrolled Agents.
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Robert Gilwee

Robert M. Gilwee, CPA, MS
Surgent Professional Education

Robert M. Gilwee, Jr. is a partner in the accounting firm Grandizio, Wilkins, Little, & Matthews, LLP in Towson, Maryland. He has more than 30 years of practice experience in taxation. His background includes assistance in resolving tax-structuring issues using LLCs, S corporations, and other entities. He is a frequent discussion leader on a variety of taxation topics. He received the Top Manuscript Award from Coopers & Lybrand and he is a member of the adjunct faculties of several colleges in his area. In 2015 and 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.

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