Webcast: Tax Cuts and Jobs Act of 2017 with Walter Nunnallee

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Description

In this course, we review the provisions of the Tax Cuts and Jobs Act of 2017 which we believe affect the vast majority of individual and business taxpayers using a combination of humor and examples. We will emphasize tax planning for individuals, corporations, and non-corporate businesses.

The course format is designed to update CPAs with various levels of experience.

Credits

Number of Credits Type of Credits
6.75 CLE
8 Tax

Prerequisites

none

Highlights

The major provisions of the Tax Cuts and Jobs Act of 2017 affecting individuals and businesses including: 

Individual Provisions - New individual income tax rates effective for tax years beginning after 2017, capital gains and qualified dividend rates, new kiddie tax rules, enhanced child tax credit, limitation on state and local tax deductions, reduction in amount of qualified home mortgage acquisition indebtedness for which interest is deductible, repeal of certain itemized deductions, modification of AGI limit for charitable contributions, limited deduction for casualty losses, changes to section 529 plans, elimination of alimony deduction, limitation on gambling losses, new rules for ROTH conversions, changes to rules allowing rollovers to IRAs, changes to estate gift and generation-skipping taxes, modification of individual AMT rules, repeal of ACA requirement for individuals to have medical coverage, new rules for taxation of carried interest, and much more.

Business Provisions - Reduction in C corporation tax rates, new 20 percent deduction for qualified income from S corporations, partnerships, proprietorships and trusts and estates, 100 percent depreciation deduction effective for assets acquired and placed in service after September 27, 2017, increased 179 depreciation deductions, new limitations for NOL carrybacks and carryovers,  modification of recovery periods, new rules for real property qualifying for the 179 deduction and the 168(k) depreciation deduction, more flexible accounting methods for small businesses, new limitation on deduction for business interest, limitations on like-kind exchanges, and much more.

Objectives

To review the major provisions of the Tax Cuts and Jobs Act of 2017. This course includes a detailed outline. The seminar is designed to update participants concerning the major provisions of the Tax Cuts and Jobs Act of 2017 passed by Congress on December 20, 2017.

Preparation

none

Notes

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Prices

Member (Early Bird)
$295.00
Non-Member (Early Bird)
$395.00
Member
$295.00
Non-Member
$395.00
Your Price: $395.00

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$25.00

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Facilitators

Walter H. Nunnallee, JD, LLM, CPA

Walter H. Nunnallee, Esq., CPA, served as a professor of tax law at North Carolina Central University School of Law, Durham, North Carolina from 1986 to 2010. Mr. Nunnallee has also served as visiting interim professor at the University of Florida College of Law and as an adjunct professor of tax law at University of North Carolina School of Law, Duke University School of Law, and the Graduate Tax Program at the University of Florida College of Law.

He worked as a CPA with KPMG, Raleigh, North Carolina from 1975 to 1978, and from 1981 through 1988 he was an attorney with the law firms of Poyner & Spruill and Manning, Fulton and Skinner, Raleigh, North Carolina. His academic credentials include a B.S. from Florida State University, a J.D. from the University of North Carolina, and an LL.M. in Taxation from the University of Florida (where he finished first in his class).

He has authored numerous tax articles published in the Oregon Law Review, The Tax Lawyer, Tax Notes, and The Review Of Taxation Of Individuals.

Mr. Nunnallee has frequently lectured at tax conferences including the University of Montana School of Law Tax Institute; Southern Federal Tax Institute, Virginia Tax Conference, University of North Carolina School of Law Annual Tax Institute; and various state tax institutes. He is a frequent discussion leader for tax-oriented CPE seminars throughout the country. He is also a member of the North Carolina Association of Certified Public Accountants and the North Carolina Bar Association (past chairman of the Tax Section, 1991-92). He serves on the Board of Advisers of the J. Nelson Young Tax Institute.

Mr. Nunnallee has been a partner with Don Farmer, CPA, PA since 1991 presenting tax seminars around the country.

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