The Tax Cuts and Jobs Act, which became effective on January 1, 2018, is considered the most significant overhaul of the U.S. Tax Code since 1986. The changes will have a profound impact on individuals, trusts, estates, and businesses in a variety of ways.
Some key changes included in this law are: altering individual income taxation and estate planning concepts, reducing corporate income taxes, and introducing a new method of taxing the earnings from certain pass-through entities. It also significantly impacts taxation for Estate, Gift & Generation-Skipping taxes. Many estate plans created under the prior tax laws will not produce the desired result. Join us as our faculty review these issues plus more.
This course will cover:
- Tax reform for individuals and non-profits
- Impact of tax reform techniques for estate planning and charitable giving
- Tax reform for pass throughs (new Section 199A) implications for closely held businesses
Recorded during a live webcast in June 2018.