Uncovering Overlooked Tax Breaks : Planning Considerations in 2018

The Tax Cuts and Jobs Act (TCJA) affects business owners and individuals in different ways, and some of its planning opportunities get little attention. This 90-minute workshop looks at overlooked tax breaks and the planning considerations they create.

You'll review 30 major TCJA tax changes affecting businesses and individuals, compare rates for businesses, individuals and trusts, and see how business restructuring can take advantage of graduated rates.

The session also covers the Section 1031 like-kind exchange rules, rules on unreimbursed employee business deductions, specific identification stock matching, the tax advantages of captive business insurance and a method for using deferred losses from wash sales.

• Summarize the major TCJA changes for businesses and individuals
• Restructure a business to benefit from graduated rates
• Use TCJA provisions to reduce taxable income
• Apply the Section 1031 like-kind exchange rules
• Explain the tax advantages of captive business insurance
• Recover deferred losses from wash sale transactions

• 30 major TCJA tax changes affecting businesses and individuals
• Rate comparisons for businesses, individuals and trusts
• Business restructuring to use graduated tax rates
• Using TCJA provisions to reduce taxable income
• Planning for the loss of certain tax benefits
• Turning tax laws into tax strategies
• Section 1031 like-kind exchange rules
• Rules on unreimbursed employee business deductions
• Specific identification stock matching
• Tax advantages of business and captive insurance for closely held companies
• Using deferred losses from wash sale transactions

Tax law changes shape investment decisions, operating budgets and after-tax ROI. Knowing the overlooked provisions helps owners turn the law into planning strategies and protect against lost benefits.

This session suits medical and health professionals, financial, insurance and real estate representatives, controllers, finance leaders, treasurers and self-employed business owners.

• Medical professionals, partners and owners
• Health professionals, partners and owners
• Investment representative, financial representative, insurance broker, real estate broker
• Controllers, accounting managers, accounting supervisors of companies and corporations
• President, Vice President of Finance and financial managers of businesses and corporations 
• Treasurers of businesses and corporations
• Self- employed business owners, independent contractors

Mr. E. Pete Lewis is a principal at Lewis & Associates Tax Planning, Inc., (LATP) in St. Charles, Illinois. He is a CPA and Enrolled Agent Admitted to Practice Before the IRS. He organized LATP in 2008 after spending 30 years working in tax management positions for Chicago area law firms, public accounting firms and corporations. Mr. Lewis is also an Adjunct Professor at DePaul University’s School of New Learning and University of Phoenix Business School, Chicago on-ground campus. LATP provides tax planning, compliance, IRS debt resolution and audit representation before federal and state tax authorities.