NEBRASKA SOCIETY OF
Certified Public Accountants
SERVING NEBRASKA AND ITS CPAS SINCE 1928
Tax Cuts and Jobs Act - Business - Moving Targets with All New Bulls-Eyes
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Online Registration Form

Date: June 11, 2019
Location: Mahoney State Park, Ashland
Course Time: 8:30 AM to 4:30 PM
Registration Begins: 8:00 AM
Summary
The new tax legislation is popping at the seams with new privileges and challenges. Are you a winner or a loser? It depends on who you are. The Tax Cuts Jobs Act line-by-line, provision-by-provision, imposes surprising results, both good and bad. Many of the areas change do so very deeply and meaningfully.
Objectives
To learn tax planning opportunities and strategies to avoid pitfalls under the Tax Cuts and Jobs Act
Highlights
* Rate cuts for most, but not all * Cost recovery mania - Moving targets with all new bulls-eyes * How many more new elections and forms can there be? * Tax accounting, inventory and UNICAP musical chairs A very big deal * Interest expense deduction assaulted for some Can you elect out? At what cost? * Effective dates and strategies all over the place * Best moves to make on 2018 and later tax returns * What about all those tax breaks taken away (tears) - What to do now? * Complex new pass-through entity deduction (QBID) clearly explained * What is the taxable income limitation - How to avoid its harsh impact? * Why wages and property may be important in each business * Effect on and interaction with state income taxes * Taxation of marriage affected - For better or for worse? * Everybody gets a good deal, except for the ones who don't * The new skinny on standard deduction, itemized, personal exemptions and child credit * Is the AMT grim reaper dead -or- must we continue to slay it? * Effective dates and strategies are all over the place * Grab it now while its good
Who Should Attend
CPAs and other interested persons desiring to stay on top of federal tax planning under the Tax Cuts Jobs Act

Course Level Update
Prerequisites None
Course IDTCJA8
Discussion LeaderBradley Burnett, J.D., LL.M.
CPE Credit8
Additional Information: Parking and lunch are provided on-site.
Fee: $265 - Society Member
$315 - Society Nonmember
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