President Trump’s administration has indicated that tax reform is a top priority to be tackled within the first 100 days. As 2016 came to a close, many advisors felt that reform would come through quickly and that it would be implemented retroactively to January 1, 2017.
Now one month in, tax reform appears unlikely to be effective until 2018 due to differences in the President’s proposals and the proposals of leading House Republicans. For instance, the idea of a border adjustment tax and how it would play out has become a major issue regarding corporate reform and it has become apparent that the ACA and related taxes cannot be appealed until a viable replacement is ready.
This course will examine what the current plans look like, how they might be merged, and what impact it will have on individual and corporate taxpayers.
Discussion of Trump’s current plan for tax reform and how it would impact the taxation of individuals, corporations, and estates.
Examine similarities and differences between Trump’s plan and the plans of other prominent GOP leaders Brady and Ryan.
Explore various GOP proposals for a border adjustment tax.
Consider planning ideas regarding the anticipated timing of tax reform.
Michael, IL
"Fantastic, knowledgeable, great examples of the complex issues. The follow through with economics impact was fabulous. When a topic is introduced I find it most helpful to follow through all the way and the potential changes to handling import/exports was a prime example. While each ended at different taxable income but the same "cash in hand" it was interesting to see all the different ways this happened."Teresa, CA
"Without question this was one of the most informative and well presented overview of comparing proposed tax changes. The presentation was concise, clear and well organized. I would highly recommend anyone who wishes to navigate the current rhetoric regarding potential tax reform to attend this session."Barbara, NV
"Very timely and informative. It will be interesting to see the final tax law that survives the debate process between these two plans...or another plan. I normally don't do CPE courses during tax season but this year there were several very timely ones I wanted to access. Thanks for being there for us."Theresa, CO
"This was one of the most informative sessions I've attended! Scott was excellent at boiling down the proposed changes into an easy to follow format. The charts comparing the current law and the 2 proposals were especially effective. Thanks for the great presentation!"Susan, WA
"This webinar gave me the details to help my clients be aware of the various turns the tax system may take and how it will affect them so they can be aware of what provisions may affect them and when and if they will need to react to the changes."Joseph, NC
"I enjoyed the mock presentations and side information about S-Corps and how the potential laws may change the way people are currently getting around the system. Very interesting and refreshed knowledge I have lost track of!"Geoff, PA
"Scott was an informed and effective presenter. He covered a great deal of material effectively that significantly helped my understanding and appreciation of the subject. I will attend other sessions he presents."AnaMaria, WA
"This webinar was very educational, giving a good overview of what is a very complicated and emotion charged endeavor. With this insight, I now have a better perspective of what we are facing in tax reform."
WithumSmith+Brown, PC
Senior Tax Manager
sbartolf@withum.com
732-842-3113
Scott has over ten years of diversified public accounting experience focusing on individual, partnership, corporate and trust / estate taxation. His experience includes tax compliance, planning and representation of clients in many industries including the real estate, consumer products and technology industries.