Tax Cuts and Jobs Act – Small Business Provisions
This session will review application of the Tax Cuts and Jobs Act to small businesses, including farming businesses. In particular, this class will discuss issues impacting owners of small C corporations, S corporation, LLCs, partnerships, and sole proprietorships. Included in the discussion will be:
- C corporation tax rates and blending
- IRC § 199A deduction
- What is Qualified Business Income?
- Wages/Capital Limitation
- Calculation of the Deduction
- Cooperative Provisions
- DPAD Transition
- Specified Service Trade or Business
- Entity Issues
- Depreciation and Expensing
- Personal Property “Trades”
- Net Operating Losses
- Cash Accounting Parameters
- Excess Business Losses
- Business Interest Deduction Limitation
This class will update attendees on all IRS guidance that has been received, as well as discuss key guidance that remains outstanding.
August 8, 2018 - Noon – 2:00 pm - Central Time
- 120 minutes of instruction – 2 hours of CPE
- Curriculum/Field of Study: New Law Taxation
- Level: Basic-Intermediate
- Cost $74.00
- Class Program Number: Y7WRM-U-00231-18-O, Enrolled Agents and Other Tax Professionals
- Platform: Webinars are presented on GoToWebinar
- How does the attendee log onto a webinar? You will receive an email from Kristy Maitre, which includes a special link to click on to enter the webinar.
- How to Join a Webinar: https://support.logmeininc.com/gotowebinar/how-to-join-attendees
- Technical Issues? Contact GoToWebinar Support: https://support.logmeininc.com/gotowebinar/contactus
- To ensure no techicial difficulties, we suggest joining the webinar at 10-15 minutes before the start time.
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Who should attend:
- enrolled agents
- tax return preparers
- CPAs
- attorneys (please contact us at CALT if you would like CLE credit)
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Please consult your state’s accrediting agency/board for its rules on admissibility of this course. It is the responsibility of the attendee to understand and comply with state licensing CPE/CLE requirements.
Approved Continuing Education:
- Enrolled Agents (IRS - RPO Continuing Education) and Other Tax Return Preparers (IRS - RPO Continuing Education) - 2 hours of New Law Taxation - Program number: Y7WRM-U-00231-18-O
- CPAs: 2 hours of CPE - Iowa: The Iowa Accountancy Examining Board does not pre-approve CPE events, but it is left to the individual to determine the appropriate course of study. Other states: Consult your state’s accrediting agency/board for its rules on admissibility of this course. It is the responsibility of the attendee to understand and comply with state licensing CPE requirements
Kristine Tidgren is an adjunct assistant professor in the Agricultural Education & Studies Department and the director for the Center for Agricultural Law and Taxation. Kristine’s work focuses on studying and interpreting laws impacting the agricultural industry. In particular, she focuses on agricultural taxation. She is a frequent writer and speaker on these topics.
To register, click here: http://bit.ly/2017taaxcutsandjobsact
- Registration fee is non-refundable
- Unable to attend the webinar you're registered for? Let us know and we can get you registered for another webinar of your choice.