Course Detail

Top Business Tax Planning Strategies

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.

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

Prerequisites:

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

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