"Strategic Planning for Business Owners after 2017 Tax Reform:
Insights 10 Months Later"
This program discusses how C corporation effective annual income rates vary depending on distribution rates and pressures that C corporations face to declare dividends, including how converting to a C corporation may destroy a sale to an irrevocable grantor trust. The speaker will also discuss which types of income are eligible for the 20% deduction, how to make real estate rental qualify for the deduction (including the effect of self-rental when the tenant is or is not a pass-through entity), how the deduction works for trusts, and how to plan for depreciation deductions and net investment income tax when holding a pass-through business in trust. This will include coverage of the proposed regulations for qualified business income under IRC § 199A and under the multiple trust rule under IRC § 643(f). Attendees will also learn how to avoid the loss of AAA and to avoid the 5-year waiting period when converting from S corporation to C corporation, concerns regarding switching back when the tax law changes again, and using hybrids to try to minimize overall tax rates.
, a Washington University alumnus (A.B. 1983, J.D. 1986), is a partner in the St. Louis office of the law firm of Thompson Coburn LLP
, which also has offices in Chicago, Los Angeles, and Washington, D.C. Before practicing law, Steve practiced accounting for 8 years, was a partner in a local CPA firm, and still maintains his CPA license and CGMA designation He is a past chair of the Business Planning Group of committees of the American Bar Association’s Real Property, Probate, Trust & Estate Law Section, a past chair of the Business Law Section of the Bar Association of Metropolitan St. Louis, and a member of the Business Planning Committee of the American College of Trust and Estate Counsel (ACTEC), including a current Regent of ACTEC and past chair of the Business Planning Committee’s subcommittee on pass-through entities.