S07-TCJA Business Update

Wednesday, June 26 | 1:20 pm - 3:00 pm
Track: Business
CE:
     2 hours Federal Tax Update (EA, CRTP, OTRP)
     2 hours Taxes/Tax Planning (CPA, CFP)
     1.75 hours Taxation Law (Attorney – CA Bar MCLE)
     2 hours (CSEA/NAEA)
SpeakerVicki Mulak, EA, CFP®

Description: Although the individual provisions of the Tax Cuts and Jobs Act  (TCJA) received the most attention, in terms of quantity of tax law changes, TCJA includes more business provisions than individual provisions. This session will highlight those changes, with an emphasis on business changes OTHER THAN the Section 199A deduction. If your main focus up to now has been understanding Section 199A, this session will bring you up-to-date on other business changes, including entity choice, S Corp elections, methods of accounting, depreciation enhancements, providing employee fringe benefits, NOLs, excess business loss limitations and more.
 
Learning Objectives:
1. Review tax reform business tax law changes                                 
2. Understand new loss provisions affecting NOLs and implementation of excess business loss restrictions                   
3. Gain competency in depreciation choices in general, especially for qualified improvement property
 
Learning Level: Al learning levels

Prerequisites: None

Advanced Preparation: None