Tax Services Leaders Present Webinar "Tax Reform: Changes Impacting Business Owners"
On Tuesday, February 27, Marty Doerr, Partner in Charge, Tax Services; Rob Haggerty, Tax Partner; Darla Hemmann, Tax Partner; and Debbie Vandeven, Tax Principal; presented our second webinar "Tax Reform: Changes Impacting Business Owners." (To watch a recording of our first tax reform webinar, click here.)
Marty first provided a brief summary of the Tax Cuts and Jobs Act (TCJA) that went into effect December 22, 2017. Rob discussed the new 20 percent pass-through deduction, also referred to as the QBI deduction or the Section 199A deduction. He discussed qualified business income and how to calculate it, the taxable income limitations, unadjusted property basis limitation and specified services limitations.
Darla discussed the business interest deduction limitation, including how to calculate the limitation and how it varies for partnerships and S-corporations. Debbie covered the changes to net operating losses and excess business loss under the new tax reform.
To access a recording of the webinar, please click here and submit a short form. If you would like to discuss any of the topics covered during this presentation, or have other tax planning questions for yourself or your business, please contact us.
If you missed the live webinar, and you're interested in the presentation slides, please fill out the form below to request access to a printable copy of the presentation.