Surgent's Top Business Tax Planning Strategies

The Tax Cuts and Jobs Act of 2017 contains provisions that, when properly implemented, allow businesses to reduce their tax liability. This program...

9/21/2021 12pm - 2pm | Online | Surgent

$89.00

CPE Categories: Taxation (2 CPE)

Description

The Tax Cuts and Jobs Act of 2017 contains provisions that, when properly implemented, allow businesses to reduce their tax liability. This program focuses on certain tax strategies that are based on the 2017 tax changes and subsequent IRS regulations and notices that allow businesses to reduce their tax liability.

Target Audience

Tax practitioners who anticipate advising business clients regarding strategies built upon new tax law changes that would reduce their tax liability

Course Objectives

Advise business owner clients to adopt tax planning strategies that would reduce their tax liability based on changes from the Tax Cuts and Jobs Act of 2017 and recent IRS pronouncements

Subjects

Taking maximum advantage of the §199A 20% deduction
Whether the reduction in C corporation tax rates merits converting to a C corporation
Limiting the impact of the §461(l) loss limitation rules for taxpayers other than C corporations
Avoiding or limiting the limitation on the deduction of net business interest expense
Minimizing the limitation of the deduction of expenses for entertainment and certain fringe benefits
Taking advantage of more tax-efficient tax accounting methods

Prerequisites

A basic understanding of the tax rules relating to individual income tax