500 W. Madison St. Suite 1150 Chicago IL 60661
Wednesday, July 25, 2018 from 9:00 AM to 11:00 AM
Uncovering Over-looked Tax Breaks
FEE $15.00
Planning Considerations in 2018Topic (field of business) lncome Taxation
The impact ofthe Tax Cuts and Job Act of 2018 (TCJA) will have varying effects onbusiness owners and other individuals at year end" But what has not been discussedabout TCJA are the expIicit planning opportunities for some business owners.This workshop takes a Iook at some over-looked tax breaks that present unique planning considerations for certain business owners.
The workshop will examine the following planing considerations sparked by TCJA: Piaming for Corporations and Business SharehoIders.
How TCJA broadens tax benefits when restructuring S-Corps and C-Corps
Tax planning to dilute tax -iabily of Pesonal Service Coporations.
The siIver lining under new Section lO31 Like-kind Exchange rules.
How empIoyee/sharehoders may recover from the loss of unreimbursed business.
SurvivaI of Mark to Market accounting to release deferred stock losses trapped in "Wash SaIe Rules’’
Tax benefits from portability planning unde TCJA estate tax eXemption.
Survival of tax breaks inherent in captive business insurance premiums.
Presenter: Pete Lewis Mr. Lewis has more than 30 years of tax and accounting experience and operates Lewis & Associates Tax Planning, Inc., (LATP) in St. Charles, Illinois. LATP provides tax planning, compliance, IRS debt resolution and audit representation for federal and state tax authorities. Mr. Lewis has held management positions with public accounting firms, law firms and publicly held corporations. He holds an MBA in finance from Dominican University in River Forest, Illinois, and a Bachelor’s Degree from Southern Illinois University in Carbondale, Illinois. He is also a Certified Public Accountant and Enrolled Agent Admitted to Practice before the IRS.