In the wake of the 2017 Tax Cuts and Jobs Act, 2018 has become one of the most challenging tax years in recent memory. Coupled with recent regulatory guidance (related to the Partnership Tax Audit rules) and the Supreme Court decision in the Wayfair case (relating to state sales tax nexus), 2018 presents virtually all taxpayers with important year-end tax planning issues.
To address these challenges, FGMK invites you to listen to our webinar where our Tax Partners and Directors offer their insight on tax and business planning, with a particular focus on the steps to be considered prior to the end of the year.
Topics discussed include:
- Individual taxation and the potential changes for 2019;
- The newly minted Sec. 199A deduction for pass-through income and key year-end planning steps for both protecting and enhancing this deduction;
- Impact of the new Partnership Tax Audit rules and the important steps that should be taken to protect both past and future partners from excessive tax costs;
- Important C-corporation issues, including qualified small business stock opportunities, the elimination of the alternative minimum tax, and tax credits and deductions available this year;
- International tax planning, with a focus on both the GILTI tax (Global Intangible Low Tax Income) and the FDII (Foreign-Derived Intangible Income) deduction;
- Review of the Wayfair decision, and an update on state sales tax reporting responsibilities; and
- Update on key year-end estate tax, gift tax, and succession planning strategies.
The goal of the webinar is to reduce, where possible, uncertainty related to 2018 year-end tax planning, and to provide a clearer direction going forward for both taxpayers and their advisors.
The summary information discussed in this webinar is being provided for education purposes only. Participants may not rely on this summary other than for the purpose intended, and the contents should not be construed as accounting, tax, investment, or legal advice. We encourage webinar participants to contact the presenters for any inquiries regarding the contents. FGMK (and its related entities and partners) shall not be responsible for any loss incurred by any person that relies on this presentation.