The Tax Cuts and Jobs Act (TCJA) passed by Congress will immediately impact every single client from a compliance and planning vantage point. The tax planning paradigms you have mastered are shattered and new paradigms will need to be mastered.  

This class will provide a detailed overview of the TCJA including changes for individuals, trusts and small businesses including dozens of planning strategies.

Learning Objectives

• Understand and Identify Planning Opportunities for individuals and trusts


• Understand the 20% Small Business Deduction


• Recognize ways to counsel clients on the impact of TCJA


• Understand critical changes to estate planning and administration after tax reform.


• Understand tax and financial planning strategies after tax reform.

• Tax Reform's Impact on Individuals and Small Businesses


• Charitable Strategies


• Changes to Itemized Deductions


• Reduction to the Marriage Penalty


• Changes to Depreciation and Section 179


• Financial Planning Ideas after Tax Reform


• The 20% Small Business Deduction on Service Businesses


• The 20% Small Business Deduction on Real Estate


• The 20% Small Business Deduction on Operating Businesses


• The 20% Small Business Phase outs and Planning to Reduce the Impact


• Strategies to increase the 20% Small Business Deduction


• The 21% C-Corp Rate


• Doubling of the Estate Tax Exemption and the 2025 Sunset


• Tax Reform's Effect on Estate and Trusts


• Estate, Gift and GST Planning Considerations and Strategies


• The Best Tax Planning Strategies After Tax Reform