Are you familiar with the biggest changes to the tax code in forty years? Those who plan ahead save on their taxes. Come learn what the Tax Cut and Jobs Act of 2017 does for real estate and small businesses.
Can you qualify for the real estate professional exemption? Is your current S-Corp or LLC the right entity? Most importantly, how can we legally pay the least in taxes? We'll be touching on depreciation, segregation studies, and recapture so that you can either DIY or better supervise your accountant. We'll make reference to 1031 exchanges, which can save hundreds of thousands on sale. And most important, we'll share what we know about the Tax Cut and Jobs Act of 2017 and its impact on our businesses.
This part of the presentation will be given by William Moore, CPA. Bill is a partner in BlumShapiro's tax department and covers construction, manufacturing, distribution, and professional services.