Congress has not made sweeping changes to the US tax code this year awaiting the outcome of the election. However, there are a number of planning matters that your clients should be aware of before year-end.
During this meeting, we will review:
- Affordable Care Act update:
- Employers – who is impacted in 2016 and 2017
- Individual capital gain rates and the relating income threshold that drives these rates
- Alternative Minimum Tax exemption for 2016 and 2017
- Long-Term Care insurance premium deductibility
- Risk of IRS audit for real estate activities
- S-Corporation holding period after ‘S’ election
- Analysis of national average of itemized deductions – where does your client stand?
- Charitable contributions:
- Donate directly from IRA?
- Donate appreciated assets
- Sell depreciated securities and donate cash
- Proposed regulations relating to valuation discounts of family partnership and other similar entities
- Impact on current and future gifting plans
- What are the risks to a business owner for misclassified workers (employee vs. independent contractor)
- What are the possible tax implications of a Trump or Clinton administration (assuming their tax plan gets through congress)
1.0 Ohio Ins., CLE, PACE, CAP and CPE have been APPROVED.
Details of Event:
7:45am: Registration, Networking, Breakfast
8:20am: Chapter Announcements