Edward Jones – Tax Seminar
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Most business entity selections continue to favor pass-through entities over C corporations. Of the pass-through entities, the IRS reports that S corporations continue to be favored over partnerships. Following the Tax Cuts and Jobs Act, tax practitioners should understand how pass-through entities interact with important developments such as the limitation on the interest deduction, the new $250,000/$500,000 loss limitation, and the Section 199A deduction. This program will discuss these tax reform developments and major issues relating to pass-through entities, such as basis, distributions and liquidations.
- Pass-through entities and the Section 199A deduction
- The four loss limitations that apply to owners of pass-through entities
- How pass-through entities are impacted by the Section 163(j) interest limitation
- When an S corporation should convert to a C corporation
- Section 754 elections in a Tax Cuts and Jobs Act environment
- Taxation of pass-through entity distributions to shareholders, partners and members
- Choice of entity considerations after the Tax Cuts and Jobs Act
- Advise clients regarding choice of entity options after the Tax Cuts and Jobs Act
- Recognize the impact of the new Section 199A deduction and the limitation on interest and losses on pass-through entities