The Tax Cuts and Jobs Act resulted in the most significant overhaul of the Internal Revenue Code in more than 30 years. From the changes to the corporate tax rate to the smaller fringe benefit expenses, the many layers to this legislation affect how tax professionals and business owners alike need to view their finances. In this class, Mark Loyd will cover the 12 most important changes in the Tax Cuts and Jobs Act that affect businesses of all sizes.
Mark's areas of practice concentration are state, local and federal tax controversy resolution, litigation and planning. Mark’s practice includes acting as an advocate for clients in resolving disputes with state and local tax authorities (e.g., Kentucky Department of Revenue, Louisville Metro Revenue Commission, etc.) as well as federal administrative agencies including the Internal Revenue Service (IRS), the Alcohol and Tobacco Tax and Trade Bureau (TTB), and the U.S. Department of Agriculture’s Commodity Credit Corporation. He has counseled and advocated for clients with issues involving state and local income, gross receipts, sales and use, property, franchise/license and various excise taxes (e.g., cigarette, other tobacco products, motor fuel, motor vehicle, U-Drive-It, etc.) as well as federal income and excise taxes. Mark also has experience working in industry where he managed the state and local tax and federal excise tax planning and audit defense functions of a multi-billion dollar manufacturing concern.