500 W. Madison St., Suite 1150 Chicago, IL 60661
Wednesday, December 4, 2019 from 9:00 AM to 12:00 PM
Uncovering Overlooked Income Tax Breaks
Planning Considerations in Tax Year 2019
The impact of the Tax Cuts and Job Act of 2018 (TCJA) had varying effects on business owners and individuals tax payers in 2018. However, what has not been discussed are the planning opportunities for some business owners. This workshop takes a look at these overlooked tax breaks that may present timely loopholes in tax year 2019.
The workshop will examine the following 2019 planning considerations under TCJA:
Planing for Sole Proprietors and Corporation Shareholders:
- New tax planning benefits of Personal Service Corporations
- The silver lining under new Section 1031 Like-kind Exchange rules
- How employee/shareholders may recover from the loss of unreimbursed business deductions
- A review of overlooked Medical Deductions in 2019
- How to deduct Medicare as a business expense in 2019
- How to expand the tax benefits of business meals
- How business owners can safeguard against loss of home office deductions
- How investors in puts, call and stock options may unlock capital loss deductions
Presenter: Pete Lewis of Lewis & Associates Tax Planning, Inc., (LATP) in St. Charles, Illinois has more than 30 years of tax and accounting experience. LATP provides tax planning, compliance, IRS debt resolution and audit representation before federal and state tax authorities. He holds an MBA in finance from Dominican University in River Forest, Illinois, and a Bachelor’s Degree from Southern Illinois University in Carbondale, Illinois. He is also a Certified Public Accountant and an Enrolled Agent to Practice before the IRS.
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REGISTRATION FEE $50.00 |
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