Education planning for business owners has always been challenging due to the way the financial aid regulations interact with tax laws. Valuing a business for a client, providing multiple years of detailed financial information, and determining how colleges may assess the assets and income generated from a business are among these challenges. This presentation will highlight education planning strategies impacted by the Tax Cuts and Jobs Act and will focus on how business entity choice with the new lower corporate tax rate and the new IRC 199A (QBI) deduction will factor in from both financial aid and tax planning perspectives.
The American College of Financial Services | Riskin & Riskin, PC.
Ross A. Riskin is Assistant Professor of Taxation, CFP® Program Director, and the Larry R. Pike Chair for Insurance and Investments at The American College of Financial Services. In addition to teaching courses in taxation and financial planning, Professor Riskin’s research and professional expertise focus on tax planning with respect to college and student loan advising. He also serves as the Vice President of Riskin & Riskin, PC.
Professor Riskin is recognized as a leading expert in the areas of college planning and student loan advising and he is the author of The Adviser’s Guide to Education Planning: 1st Edition, which is published by the AICPA (Winter 2018 Release). Professor Riskin has presented to over 10,000 individuals through webinars, conferences, and in the classroom, and has been quoted in media outlets such as Forbes, US News, WalletHub, Journal of Accountancy, and CPA Practice Advisor.
He received the 2017 CPA Practice Advisor “40 Under 40 Award,” the 2016 CTCPA Accounting Educator of Excellence Award, the 2015 AICPA Personal Financial Planning Standing Ovation Award, and the 2015 CTCPA New and Young Professionals to Watch Award. In addition to being a CPA/PFS and Certified College Financial Consultant (CCFC), Professor Riskin received a Bachelor of Science in Accounting degree from Fairfield University, a Master of Science in Taxation degree from Bentley University and is currently pursuing a Doctor of Business Administration in Finance Degree at Sacred Heart University.
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