The Impact of Tax Reforms on LLC’s and Other Pass-Through Entities

$195.00

Live Broadcast on September 27, 2018

CLE Credits earned: 2 GEN

The 2017 Tax Cuts and Jobs Act (“TCJA”) was the largest federal income tax overall that Americans have seen in decades. Particularly, the TCJA established new tax law for owners of pass-through entities. For this presentation, attorneys can expect to gain knowledge on the basics of the new tax legislation compared to the old legislation. This course will explore how TCJA affects business owners when choosing between a pass-through entity and corporate structure. Specifically, the new tax laws regarding LLC’s and other pass-through entities and the possible tax strategies to take advantage of the new laws to reduce the overall taxes for an LLC or other pass-through entity.

Key topics to be discussed:

•   Basics of pass-through entities
•   Overview of the new tax reform (TCJA) for LLC’s and other pass-through entities
•   Comparison between the old tax law and the new tax law on the choice of entity structure
•   Various new strategies for pass-through business owners to take advantage of the new tax law changes

Date / Time: September 27, 2018

•   2:00 pm – 4:00 pm Eastern
•   1:00 pm – 3:00 pm Central
•   12:00 pm – 2:00 pm Mountain
•   11:00 am – 1:00 pm Pacific

Choose a format:

•   Live Video Broadcast/Re-Broadcast: Watch Program “live” in real-time, must sign-in and watch program on date and time set above. May ask questions during presentation via chat box. Qualifies for “live” CLE credit.
•   On-Demand Video: Access CLE 24/7 via on-demand library and watch program anytime. Qualifies for self-study CLE credit. On-demand versions are made available 7 business days after the original recording date and are view-able for up to one year.

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Clear

Original Broadcast Date: September 27, 2018

Elizabeth Fernandez, Esq. is the Senior Trusts & Estates Associate at EPGD Trusts & Estates. She received her B.A. in Political Science from Florida International University, and is a Lifetime Member of the FIU Alumni Association. Elizabeth earned her Juris Doctor with honors from St. Thomas University School of Law. While at St. Thomas, she was the President of the St. Thomas University Chapter of the Cuban American Bar Association and briefly served as Executive Vice President of the St. Thomas University Trial Team. Elizabeth received the CALI Book Award for Administrative law and earned Dean’s List distinctions several times. Before joining EPGD Law, Mrs. Fernandez interned at the City of Miami City Attorney’s Office, where she assisted in civil litigation matters, and the CABA Pro Bono Project.

Elizabeth is involved in the following professional associations:

• Dade County Bar Association
• South Miami Kendall Bar Association
• Cuban American Bar Association

Elizabeth is fluent in Spanish and is admitted to practice law in the State of Florida. She is also admitted to practice before the U.S. District Courts for the Southern District of Florida, and the U.S. Tax Court. In her spare time, Elizabeth enjoys attending sporting events and concerts, and spending time with her family.

Elizabeth focuses her practice on Estate Planning, Wills, Trusts, Guardianship, Probate, and Advanced Directives.

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Section I. Introduction

Section II. Basics of Pass Through Entities
a) What is a Pass-Through entity?
b) Sole Proprietorships
c) LLCs
d) LLPs
e) Partnerships
f) S-Corps

Section III. Basics of the TCJA of 2017
a) LLC v. Corporation
b) Pass-Through Deduction for Qualified Business Income (“QBI”).
c) What is the QBI Deduction? How is it calculated?
d) Examples of the deduction for pass-through owners

Section IV. Comparison between old tax law and new tax law
a) Historical advantages of the pass-through entity
b) Current Advantages of the pass-through entity under the new laws

Section V. Strategies
a) Impact of new pass-through rules compared to the new corporate tax rules on choice of entity selection and entity conversions
b) Examples of how to take advantage of the pass-through structure as opposed to the corporate structure
c) Recommended Business Structure under TCJA

Section VI. Conclusion