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OnDemand Course

Uncovering Overlooked Tax Breaks: Tips and Loopholes You Need to Know

Gain a better understanding of how the impact of new tax changes can uncover tax breaks for your clients.

It's considered the biggest tax overhaul since 1986. The Tax Cuts and Job Act (TCJ) became law on December 22, 2017. The impact of tax changes will affect corporations, non-corporate businesses and individual taxpayers. Some will pay more, others less and a few may see no change. As with any new tax law, there are often opportunities to structure tax benefits that are not always recognized at first glance. Please join speaker, E. Pete Lewis, for an inside look at planning considerations that may apply to you.

Learning Objectives

  • You will be able to recognize the new reduced rates under the TCJA that are associated with the different taxpayer filing statuses.
  • You will be able to identify the changes made to the Standard Deduction and Personal exemptions under the TCJA.
  • You will be able to recognize new rules for Itemized Deductions under the TCJA.
  • You will be able to differentiate between eligible and ineligible entities for the credit under Section 199A and recognize the phaseout thresholds by filing status of the taxpayer.

Runtime: 84 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Overview of the Tax Cuts and Job Act of 2018

  • Individual Tax Rate Changes
  • Business Tax Rate Changes
  • Estate and Trust Tax Rate Changes
  • 30 Major Tax Law Changes Affecting
    • SCorporations, Partnerships and LLCs
    • Individuals
    • Estate Tax Planning
    • CCorporations

Planning for Corporations and Business Shareholders

  • How TCJA Broadens Tax Benefits When Restructuring S-Corps and C-Corps
  • Tax Planning to Dilute Tax Liability of Personal Service Corporations
  • The Silver Lining Under New Section 1031 Like-Kind Exchange Rules
  • How Employee/Shareholders May Recover From the Loss of Unreimbursed Business Deductions
  • Survival of Mark to Market Accounting to Release Deferred Stock Losses Trapped in "Wash Sale Rules"
  • Tax Benefits From Portability Planning Under TCJA Estate Tax Exemption
  • Survival of Tax Breaks Inherent in Captive Business Insurance Premiums
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on May 18, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

E. Pete Lewis, MBA, CPA, EA

E. Pete Lewis, MBA, CPA, EA

Lewis & Associates Tax Planning, Inc.

  • Principal at Lewis & Associates Tax Planning, Inc., (LATP) in St. Charles, Illinois
  • CPA and enrolled agent admitted to practice before the IRS
  • Organized LATP in 2008 after spending 30 years of working in tax management positions for Chicago area law firms, public accounting firms and corporations
  • Conducts live workshops and webinars on tax planning topics and IRS debt resolution strategies
  • Practice concentrates on tax planning, tax controversy and IRS representation
  • Adjunct professor at DePaul University‚Äôs School of New Learning and University of Phoenix, Chicago on ground campus
  • Can be contacted at 630-845-9664, [email protected], or www.taxadvisorstcharles.com
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 404215
Published 2018
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