2017 Tax Reform for Individuals: Winners and Losers

(654 Ratings)

Produced on: December 14, 2018

Course Format On Demand Audio

Taught by

Categories:

Course Description

Time 65 minutes
Difficulty Beginner

This course provides a general overview of some of the effects of the 2017 Tax Reform Act on individuals, such as the deduction limitations for state/local taxes (SALT) and mortgage interest, the new 20% pass-through business deduction, and certain benefits for investments in so-called “qualified opportunity zones”.  The discussion covers some proposed Treasury Regulations and other guidance over the past year that have expanded upon the new legislation.

The program, led by attorney Libin Zhang, will take a look at some suggested taxpayer strategies that have been rejected by the Treasury, and other strategies that may be successful moving forward.


Learning Objectives:

  1. Identify the effects of the new tax law on individuals
  2. Analyze some state responses to the SALT deduction limitation, and the Treasury counter-responses
  3. Gain an overview of the 20% pass-through business deduction, and the types of businesses that the Treasury has identified as qualifying or not qualifying for the deduction
  4. Discuss the tax benefits for investments in qualified opportunity zones
  5. Explore potential personal tax planning and other considerations to maximize the benefits of the new tax law, such as creating trusts


Faculty

Libin Zhang

Roberts & Holland LLP

Libin Zhang is a partner at Roberts & Holland LLP. He works on a variety of matters relating to corporations, real estate, and international taxation. Recent publications include:

  • The End of Eternity: Anomalies in Transition to Territoriality, Tax Notes (April 30, 2018)
  • Marginal Income Tax Rates of the Passthrough Business Deduction, Tax Notes (May 21, 2018)
  • To the Frying Pan: New Virtues of Subpart F Income Over GILTI, Tax Notes (July 2, 2018)
  • Qualified Opportunity Zones: Hot Tubs and Other Hot Topics, Tax Notes (August 6, 2018)

He received his B.S./M.S. joint degree with honors from the California Institute of Technology, his J.D. magna cum laude from Harvard Law School, and his LL.M (Taxation) from New York University. He has passed the Chartered Financial Analyst (CFA) Level III exam.


Reviews

JC
Jaclyn C.

great presentation

CM
CATHERINE M.

Very useful

ZA
Zahara A.

Speaker was very knowledgeable with the new rules and provided relevant examples. I thought it was an excellent course.

DC
Daniel C.

Really dense And smooth

RS
Robert S.

Great over site of the Tax reform

DW
Danielle W.

This is one of the best and most organized reviews of the most common issues that tax preparers will see this coming year. Thanks!

HJ
Hilary J.

Good speaker.

HV
Henry V.

Great practice tips.

GG
Gilbert G.

excellent lecturer; knows his stuff

RR
Richard R.

I'm not a tax practitioner. I watched this mostly for my own information in advance of tax season this year and I found it useful for that purpose.

GN
George N.

Great overview!

BS
B.A. S.

Good presenter.

AB
Andrew B.

Excellent overview of new tax law.

MB
Melea B.

Excellent overview.

KB
ken b.

good one

AC
Alison C.

Clearly presented. Useful, informative course.

JD
Jeffrey D.

Thank you!

RG
Richard G.

Very informative.

RW
Robert W.

Clear, concise, well done.

AP
Alan P.

I'm not a tax professional but found some of the information informative and potetentially useful nonetheless!

SE
Stephen E.

Tremendous. Great summary, very useful

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