Webinar Replay: TCJA Key Provisions Impacting Agricultural Producers and Small Businesses

Kristine A. Tidgren
June 12, 2018

This session reviewed application of the Tax Cuts and Jobs Act to small businesses, including farming businesses. In particular, this class discussed issues impacting owners of small C corporations, S corporations, LLCs, partnerships, and sole proprietorships. Included in the discussion were:

  • 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
    • What Guidance is Needed?
  • Depreciation and Expensing
  • Personal Property “Trades”
  • Net Operating Losses
  • Cash Accounting Parameters
  • Excess Business Losses
  • Business Interest Deduction Limitation

June 12 Webinar.pdf

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