In this 60-minute presentation, BKD’s Jesse Palmer and Damien Martin will cover two important changes for pass-through entities under the Tax Cuts and Jobs Act: the new 20 percent deduction of qualified business income and limitation on nonpassive losses. Jesse and Damien will break down how these changes may affect your tax situation and discuss how the new tax law provides additional considerations for choice of entity.
Upon completion of this webinar, participants will be able to:
- Discuss the new 20 percent deduction of qualified business income available to sole proprietors, S corporations and partnerships
- Explain new limitations on nonpassive pass-through losses
- Identify new considerations for choice of entity and conversion to/from being taxed as a C corporation