Special Bundle of 12 Webinars:
An 8 Webinar Package Providing a Comprehensive Review of Section 199A: How the Statute Operates and How to Exploit the New Rules
An 8 Webinar Package Providing a Comprehensive Review of Section 199A: How the Statute Operates and How to Exploit the New Rules
Detailed Look at How the New Rules in Section 199A for the Deduction for Qualified Business Income of Pass-Thru Entities Work
Recording and Slides are Available Here.
Join Bob Keebler, CPA/PFS, MST, AEP on Thursday January 4th @ 3pm ET for his special LISI webinar focused on how the new pass-through income taxation rules work. This is a “must see” webinar series for all practitioners who have pass-through clients. During the webinar, Bob will cover the following topics:
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- A Policy Perspective – What is Congress Hoping to Achieve with Section 199A
- Understanding Four Types of Taxpayers:
- Nonservice Business with Over $315,000 of Taxable Income
- Nonservice Business with Less Than $315,000 of Taxable Income
- Specified Service Trade or Business with Income of $315,000 or Less
- Specified Service Trade or Business with Income over $415,000 or Less
- What is a Specified Service Trade or Business?
- Understand the limitation based on W-2 wages and capital
- Planning for Income Between the Phaseout Limitations – A critical 2017 and 2018 Concept
- Treatment of Carryover Losses
- The Impact of the Pass-Thru Deduction on Prior Year Losses
- Treatment of Real Estate Income and The 50% Wage Limitation
- The Impact of Reasonable Compensation and Guaranteed Payments
- The Impact on Qualified REIT Income
- Relationship to the Net Investment Income Tax
- Changes in the Accuracy-Related Penalty
There will be no CE for this webinar
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Understanding New Section 199A – A Case Study Approach
Understanding and planning with the new Section 199A 20% pass-through business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This webinar will explore the mathematics of the deduction with an iterative case-study approach. The cases based upon actual client situations will address:
- Using pension and profit sharing plans to reduce income to the threshold limitation for a dental client
- Using S-Corps to meet the wage test for an engineering firm
- Spinning out practice real estate for a law firm client
- Spinning out non-service business interests to a separate C-Corp or LLC for a medical practice
- Application of the W-2 Wage limitation for various entities
- Application of the Qualified Property limitation and how to avoid the threshold test(s)
- Understanding the Service Business limitation and how to reduce income
- Understanding when to do cost segregation studies and when not to do cost segregation studies
- Planning to reduce taxable income to increase the 199A deduction
- Planning on an entity-by-entity basis and recapitalization and entity mergers using a 50+ LLC real estate investor
- Reducing debt on an entity-by entity basis for a 50+ LLC real estate investor
- Using nongrantor incomplete gift trusts to shift income and receive a step-up at death for a 90 year old real estate client
- The relationship between debt and QBI and how to enhance the 199A
- Accelerating expensing and cost segregation versus the 199A deduction for a real estate client
- Creating nongrantor completed gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
- Creating nongrantor incomplete gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
There will be no CE for this webinar
Understanding New Section 199A - A Case Study Approach : Plus Q&A - Click to Listen to Bob's description
Recording and Slides are Available Here.
Understanding New Section 199A – A Case Study Approach
Understanding and planning with the new Section 199A 20% pass-through business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This webinar will explore the mathematics of the deduction with an iterative case-study approach. The cases based upon actual client situations will address:
- Using pension and profit sharing plans to reduce income to the threshold limitation for a dental client
- Using S-Corps to meet the wage test for an engineering firm
- Spinning out practice real estate for a law firm client
- Spinning out non-service business interests to a separate C-Corp or LLC for a medical practice
- Application of the W-2 Wage limitation for various entities
- Application of the Qualified Property limitation and how to avoid the threshold test(s)
- Understanding the Service Business limitation and how to reduce income
- Understanding when to do cost segregation studies and when not to do cost segregation studies
- Planning to reduce taxable income to increase the 199A deduction
- Planning on an entity-by-entity basis and recapitalization and entity mergers using a 50+ LLC real estate investor
- Reducing debt on an entity-by entity basis for a 50+ LLC real estate investor
- Using nongrantor incomplete gift trusts to shift income and receive a step-up at death for a 90 year old real estate client
- The relationship between debt and QBI and how to enhance the 199A
- Accelerating expensing and cost segregation versus the 199A deduction for a real estate client
- Creating nongrantor completed gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
- Creating nongrantor incomplete gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
There will be no CE for this webinar
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199A Challenges and Strategies--A Deeper Dive - Click to Listen to Alan's description
Recording and Slides are Available Here.
Please join us for this advanced level presentation on some of the most important components of Section 199A planning, and related consideration which go beyond the basic provisions and planning aspects of this new statute.
Items covered will include
- Wage and Employee Leasing
- Common Paymaster Planning
- Depreciation and Qualified Property Planning
- What Is A Trade or Business
- Segregation of Businesses Under Related Entities
- Transfer Pricing Rules, Qualified Plan Considerations
- Employment Tax Planning
- Complex and ESBT Trust Planning
- and More.
There will be no CE for this webinar
Items covered will include
- Wage and Employee Leasing
- Common Paymaster Planning
- Depreciation and Qualified Property Planning
- What Is A Trade or Business
- Segregation of Businesses Under Related Entities
- Transfer Pricing Rules, Qualified Plan Considerations
- Employment Tax Planning
- Complex and ESBT Trust Planning
- and More.
Exploiting the 2017 Tax Act: Creative New Federal and State Income Tax Savings Opportunities - Click to Listen to Steve's description
Recording and Slides are Available Here.
Congress rushed the 2017 Tax Act. In doing so, they left creative estate planners multiple opportunities to exploit the income tax laws in order to save a substantial amount of federal and state income taxes. The combination of the nearly unlimited gift tax exemption, the new income tax brackets and the IRC 199A pass-thru business deduction have opened the door for a substantial amount of federal and state income tax savings. How do we exploit the new rules?
Join Estate Planning Attorney Steve Oshins and he dazzles the audience with:
- The concept of immediate gratification
- Why proper planning will now get you more thank you’s than ever from your clients
- Saving state and federal income taxes using NING Trusts
- Saving state and federal income taxes using third-party non-grantor trusts
- Why we should change most grantor trusts into non-grantor trusts
- Why we might unwind installment sales to IDGTs
- Splitting off extra equity from existing IDGTs with outstanding installment sales
- Opportunities to sprinkle income to lower federal and state income tax brackets
- Exploiting the 2017 Tax Act with multiple trusts, maybe even ten trusts for one client
- A list of economic opportunities for each separate taxpayer trust
- All of the eligible taxpayers to use to exploit the new IRC 199A Pass-Thru Business Rules
- Using your newborn baby as an additional IRC 199A taxpayer
- Exploiting decades-old tax policy to leave the gift tax alone that Congress seems to have forgotten
- Decanting to exploit the new tax laws
- Exploiting the IRC 199A pass-thru business opportunities with proper choice of business entity
- The 28.57% Magical W-2 Formula to maximize the IRC 199A pass-thru business deduction
There will be no CE for this webinar
Six NEW 199A Cases Studies: Important Steps Advisors Need to Take When Modeling a Client's Numbers - Click to Listen to Bob's description
Recording and Slides are Available Here.
Six NEW 199A Cases Studies: Important Steps Advisors Need to Take When Modeling a Client’s Numbers
The Tax Cuts and Jobs Act created new Code Section 199A, which presents advisors with six tricky questions that require detailed quantitative analysis before clients can be properly advised on what to do:
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Join Bob Keebler in his exclusive LISI webinar where he uses the case study
method to demonstrate:
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- How he calculates the 199A pass-through deduction for service and non-services businesses;
- How he models the complex choice of entity question and whether a client is “better off” being a C Corporation or a pass-through entity;
- How he counsels clients on whether they should remain as an employee or elect to convert to independent contractor status;
- How he models whether Schedule C business owners should switch to S corporation status and pay themselves a salary to claim a 199A deduction;
- How he calculates the 199A deduction when interests in pass-through entities are owned by fiduciaries such as trusts and estates; and
- How he models making qualified retirement plan contributions that can reduce a client’s taxable income, and how that impacts the IRC 199A deduction.
There will be no CE for this webinar
199A Case Studies - A Refresher
Recording and Slides are Available Here.
Understanding New Section 199A – A Case Study Approach
Understanding and planning with the new Section 199A 20% pass-through business deduction is one of the largest opportunities in the Tax Cuts and Jobs Act. This webinar will explore the mathematics of the deduction with an iterative case-study approach. The cases based upon actual client situations will address:
- Using pension and profit sharing plans to reduce income to the threshold limitation for a dental client
- Using S-Corps to meet the wage test for an engineering firm
- Spinning out practice real estate for a law firm client
- Spinning out non-service business interests to a separate C-Corp or LLC for a medical practice
- Application of the W-2 Wage limitation for various entities
- Application of the Qualified Property limitation and how to avoid the threshold test(s)
- Understanding the Service Business limitation and how to reduce income
- Understanding when to do cost segregation studies and when not to do cost segregation studies
- Planning to reduce taxable income to increase the 199A deduction
- Planning on an entity-by-entity basis and recapitalization and entity mergers using a 50+ LLC real estate investor
- Reducing debt on an entity-by entity basis for a 50+ LLC real estate investor
- Using nongrantor incomplete gift trusts to shift income and receive a step-up at death for a 90 year old real estate client
- The relationship between debt and QBI and how to enhance the 199A
- Accelerating expensing and cost segregation versus the 199A deduction for a real estate client
- Creating nongrantor completed gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
- Creating nongrantor incomplete gift trusts to avoid the 50% W-2 Wage and 2.5% Qualified Property tests for a real estate investor
There will be no CE for this webinar
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199A Challenges and Strategies--A Deeper Dive - A Re-Broadcast Click to Listen to Alan's description
Recording and Slides are Available Here.
Please join us for this advanced level presentation on some of the most important components of Section 199A planning, and related consideration which go beyond the basic provisions and planning aspects of this new statute.
Items covered will include
- Wage and Employee Leasing
- Common Paymaster Planning
- Depreciation and Qualified Property Planning
- What Is A Trade or Business
- Segregation of Businesses Under Related Entities
- Transfer Pricing Rules, Qualified Plan Considerations
- Employment Tax Planning
- Complex and ESBT Trust Planning
- and More.
There will be no CE for this webinar
Items covered will include
- Wage and Employee Leasing
- Common Paymaster Planning
- Depreciation and Qualified Property Planning
- What Is A Trade or Business
- Segregation of Businesses Under Related Entities
- Transfer Pricing Rules, Qualified Plan Considerations
- Employment Tax Planning
- Complex and ESBT Trust Planning
- and More.
Successfully Completing Form 8971 and Understanding the Underlying Basis Issues and Risks
Recording and Slides are Available Here.
The executor of any new estate required to file a Form 706 must understand the basis consistency rules. These rules and new IRS Form 8971 are an information reporting regime to maintain consistency between the values reported on an estate tax return and the income tax basis reported by beneficiaries. On the surface, the new reporting seems manageable; however, it can be quite complicated. In his exclusive LISI Webinar, Bob Keebler will discuss the many issues estate planners and administrators will need to work through to comply with the Code and protect the estate, beneficiaries, and themselves. Bob will cover the following topics:
- Overview of the new basis consistency regulations;
- The Zero Basis Rule: Failure to report can result in an asset having zero basis!
- The Subsequent Filing Requirement
- How to complete the new form including reporting:
- Assets with IRD;
- Assets passing to charity; and
- Assets passing to a spouse
There will be no CE for this webinar
- Overview of the new basis consistency regulations;
- The Zero Basis Rule: Failure to report can result in an asset having zero basis!
- The Subsequent Filing Requirement
- How to complete the new form including reporting:
- Assets with IRD;
- Assets passing to charity; and
- Assets passing to a spouse
Understanding and Completing Form 706
Recording and Slides are Available Here.
Since the early 2000s, the estate tax burden on taxpayers has gradually decreased along with the number of practitioners specializing in the field. Nevertheless, some of your most wealthy clients will owe estate tax and this issue will eventually be thrust upon you. Finding an affordable, competent specialist who you trust to work with you and your client may be difficult. Learning the basics of the tax and how to complete the Form 706 will give you confidence to help your clients navigate that difficult time. In his exclusive LISI Webinar, Bob Keebler will review:
- Changes to the IRS Form 706;
- How to successfully navigate the form
- The ins and outs of the “Portability” rules;
- How the portability rules actually work using common examples
- Income tax consequences;
- How to avoid malpractice traps;
- Overlooked GST issues.
There will be no CE for this webinar
What the Financial Professional Really Needs to Know About Tax Reform
Recording and Slides are Available Here.
It’s critically important that Financial Professionals get quickly up to speed on how their best clients will be impacted by tax reform. The best way to do this is to join Bob Keebler, CPA/PFS, MST, AEP for his exclusive LISI webinar that explores what the financial professional needs to know about the Tax Cuts and Jobs Act. Bob's informative webinar will specifically cover:
- The Complete Overhaul of Itemized Deductions
- The New Rate Structure for Individuals
- The New Child & Family Tax Credits
- Re-thinking DrawnDown Strategies
- Re-thinking Charitable Strategies
- Roth Conversions Going Forward
- College Planning Going Forward
- Advanced Income Tax Planning Using Trusts
- Massive Changes to Drafting, Planning and the Administration of Estates Including Doubling the Gift, Estate and GST Exemption
- The New Rate for Corporations & Reviewing Old Traps
- The Massive Change to the Taxation of Pass Thru Income
There will be no CE for this webinar
Successfully Completing Form 8971 and Understanding the Underlying Basis Issues and Risks - A Special Re-Broadcast
Recording and Slides are Available Here.
The executor of any new estate required to file a Form 706 must understand the basis consistency rules. These rules and new IRS Form 8971 are an information reporting regime to maintain consistency between the values reported on an estate tax return and the income tax basis reported by beneficiaries. On the surface, the new reporting seems manageable; however, it can be quite complicated. In his exclusive LISI Webinar, Bob Keebler will discuss the many issues estate planners and administrators will need to work through to comply with the Code and protect the estate, beneficiaries, and themselves. Bob will cover the following topics:
- Review the statutory source of the requirement: §§ 1014(f), 6035, 6662, and 6724
- Overview of the regulations
- Funding trusts and zero basis
- The Zero Basis Rule: Failure to report can result in an asset having zero basis!
- Probate litigation disclosure requirements
- When Form 8971 is required
- Understanding the exemptions
- Term interests and life estates
- Contingent interests
- After-discovered property
- The Subsequent Filing Requirement
- Assets with IRD, including IRAs
- Assets passing to charity
- Assets passing to a spouse
There will be no CE for this webinar