On Demand Audio

2017 Tax Reform for Individuals: Winners and Losers

(2801 reviews)

Produced on December 14, 2018

Taught by
$ 59 Real Estate and Tax Law In Stock
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Course Information

Time 65 minutes
Difficulty Beginner

Course Description

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


Credit Information

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Faculty

Libin Zhang

Fried Frank Harris Shriver Jacobson LLP

Libin Zhang has been a partner at Fried Frank since 2019. He was previously a partner at the tax boutique of Roberts & Holland LLP. He works on a variety of matters relating to corporations, real estate, and international taxation. Recent publications include:

  • Marginal Income Tax Rates of the Passthrough Business Deduction, Tax Notes (May 21, 2018)
  • Qualified Opportunity Zones: Hot Tubs and Other Hot Topics, Tax Notes (August 6, 2018)
  • Links to the Past: Old Exceptions to New Interest Deduction Limitations, Tax Notes (January 21, 2019)
  • The Life-Changing Magic of Tidying Up Partnerships, Tax Notes (March 11, 2019)
  • Clearing the Air About Marijuana in Qualified Opportunity Zones, Tax Management Real Estate Journal (April 3, 2019)

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

AV
angela v.

this was great!

MK
Malik K.

One of best presentations I've listened to.

WJ
William J.

Lipon (instructor) was really good in delivering the content and should be doing more of these. I heartily recommend his courses, he has a natural talent for educating others in sometimes arcane tax law.

DB
Dwight B.

grreat

TG
Thomas G.

good

TL
Tanya L.

very informative

KB
Keith B.

Good basic summation of tax code revisions for individuals.

JG
John G.

Great

AS
arthur s.

very helpful.

LL
Lorenzo L.

The instructor was thoroughly knowledgeable and provided interesting background as to the IRS rationale for some of the changes to the Code.

JC
Janice C.

provided a clear understanding of the subject matter.

NS
Nancy S.

good course

AS
Allan S.

Covered a lot of material in a thoughtful, easy to understand way. Strongly recommend.

JB
Jeffrey B.

good

SK
Stephen K.

Easy to follow

WL
Wayne L.

Goaded my thinking, going to do personal research to answer some follow-on questions. Stimulating presentation, including wry humor.

AH
Ann H.

Excellent content and presentation!!

RN
Robert N.

very informative

PP
Prudence P.

Excellent, clear and precise presentation

DN
Donald N.

Excellent presentation

CK
Chris K.

Lots of practical information---I especially liked the discussion of the revised business deduction rules.

MH
Mary H.

Great presenter.

RS
Richard S.

strong communicator to both tax lawyers and, I'm sure, to other lawyers

KD
Kathleen D.

Excellent overview!

BP
Bhavik P.

Excellent Explanation of 2017 Tax Law

CR
Cory R.

Good overview and well presented

RC
Rachel C.

Very engaging and funny commentator made tax law enjoyable!

CM
Catherine M.

good presentation

BL
Barbara L.

Enlightening.

DH
Dirck H.

Helpful both professionally and personally.

LP
Larry P.

Helpful for non-tax lawyer

JR
James R.

Good overview.

CS
Clarence S.

Excellent presentation of developing area of law.

LP
Laura P.

material about marriage/divorce particularly interesting

SJ
Stuart I. J.

Helpful!

AB
Andrew B.

Helpful!

DD
DAVID D.

Good seminar. Interesting that the new tax law encouraged divorce and discourages marriage in certain situations.

PV
Phillip V.

Great overview of the tax code overhaul. Thank you.

SK
Sandra K.

Good overview of the TCJA.

AM
Agnes M.

Mr. Zhang knows his stuff - very informative and helpful. Well done!

RB
Roger B.

Very well done

SS
Steven S.

Good program

AT
Anna Hui T.

Provided good examples for attorneys to consider in practice under new law.

PO
Patrick O.

Efficient coverage of the new law

MG
Meredith G.

Very informative and easy to follow. Wish the presentation had been twice as long!

MZ
Mark Z.

Good speak.er who simplifies and explains many complex issues

PD
Patrick D.

So glad I found this course!

KR
Kelly R.

Great presentation!

JB
James B.

Very thorough presentation. Well done.

BR
Barbara R.

very informative

JM
JT M.

This presenter was amazingly smart!

RW
Robert W.

Well done good presentation, good speaker. Thank you

JZ
Jay Z.

Excellent program. Well delivered.

JF
James F.

very useful information

DF
David F.

Excellent

AL
alan l.

Speaker is brillant. Subdued. Well delivered.

BC
Brian C.

The program provided an excellent overview of some of the impacts of the TCJA on individuals.

RS
Rebecca S.

Wonderful presentation. Very clear and informative. Among the best I've seen.

FM
Frank M.

good

KM
Karen K M.

One of best programs you offer. Speaker knowledgeable and understandable in a incredibly technical tax area. Great program

SZ
Sheldon O Z.

Very good

LC
Lawrence C.

Very informative program.

DL
Daniel L.

good

BB
Brian B.

Great summary materials of complicated law. Thanks.

RB
Robert B.

Very practical and easy to understand presenter.

RC
Robert C.

good information

PF
Peggy F.

This was a good overview of certain provisions of the 2017 Tax Law.

SC
SHAWN C.

I learned a lot

MK
Mark K.

Excellent update on the new tax law.

PD
Paul D.

Thank you!

AL
Aaron L.

Great synopsis of some of the changes in the new law. Very informative.

MA
Marek A.

Great presentation.

RG
Robert G.

Great presentation and speaker

DS
Deborah S.

Great seminar-- very timely.

RM
Robert M.

Good job

PE
Paul E.

Good PowerPoint

MK
mklaw2004@gmail.com K.

He was very thorough and slides were helpful.

MB
Mary B.

Good general overview.

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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