Seminar Series: Part 1 - Tax Reform Laws with Sherry Cracium-Bolin, RLH CPA

Join us for part one of two, to go over new tax reform laws that will be implemented this year! Presented by Sherry Cracium-Bolin. 

Confused about what the final tax reform bill looks like and what it means for you? You’re not alone! Join us to go over the major impact areas of the Tax Cuts and Jobs Act (TCJA), which will impact your 2018 tax returns. In this two part series, we will review both the changes for business and individual filers. Some of the topics to be covered include:

Businesses (Will be Covered at the November 28, 2018 Seminar):

• 20% Qualified Business Income Deduction (New!)
• Tax Rates (Changed!)
• Depreciation – Bonus and Section 179 (Changed!)
• Net Operating Loss Deductions (Changed!)
• Deductibility of Meals and Entertainment Expenses (Changed!)
• Business Interest Expense Deduction (Changed!)
• Accounting Methods for “Small Taxpayers” (Changed!)
• Like-Kind Exchanges (Partially Eliminated!)
• Credit for Paid Family or Medical Leave (New!)

• Tax Rates (Changed!)
• Personal Exemptions (Eliminated!)
• Standard Deductions (Changed!)
• Allowable Itemized Deductions (Changed!)
• Employee Expenses (Eliminated!)
• Home Office Deduction for Employees (Eliminated!)
• Child Tax Credit (Changed!)
• Other Dependent Credit (New!)
• Education Credits (Changed!)
• 529 Plan Distributions (Changed!)
• Mortgage Interest Deduction (Changed!)
• Estate and Gift Taxes (Changed!)