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AFWA Dinner & Speaker – Jan 18, 2018 Allison Soares “2018 Tax Updates”
January 18, 2018 @ 5:30 pm - 8:00 pm
$35.00Dear AFWA,
Join us for our January 2018 event. Allison Soares, speaker and tax attorney will help us understand the new signed laws.
 | Ms. Soares is a partner at RJS Law firm. As a lawyer, she has representative experience defending individuals and entities before the Internal Revenue Services (IRS), Franchise Tax Board (FTB), Employment Development Department (EDD), and State Board of Equalization (SBOE). Allison holds a Masters of Law in Taxation from the University of San Diego School of Law and also holds an M.B.A in Accounting with a specializa-tion in Forensic Accounting. |
Overview of the Final Bill singed into law on Dec.22, 2017
The tax reform bill generally affects tax years beginning in 2018, with some exceptions. Provisions in the reconciled tax reform bill include a variety of changes from earlier versions of the tax reform plan, as well as some similarities.
Highlights include:
*A permanent 21% corporate tax rate effective in 2018, representing a 40 percent decrease over the current rate of 35 percent
*A trimmed back 20 % deduction for qualifying pass-through income from partnerships and S corporations
*Unlimited capital expensing of qualifying tangible assets, with increased Section 179 expensing
*Limitations on business and personal net operating losses, and business interest deductions
*Repeal of the corporate alternative minimum tax (AMT), but retention of the individual AMT with increased exemption amounts
*The survival of most business credits, but repeal of DPAD
*Permanent repeal of the individual mandate to buy health insurance coverage after 2018
*Doubling of estate and gift tax exemptions through 2025 (approximately $11 million individual and $22 million for couples) with no decrease in rates, and return to current exemption amounts thereafter
Let’s extent our January 2018 event to our family, friends, co-workers!
Humphrey’s Grill Menu:
Brined Bone-in Pork Chop
Seared MaineScallops
Gourmet Kobe Beef Burger
Vegetarian Rosotto
Baised Short Rib Pappardelle
Be sure to Make your Entree Selection when registering!
Click on the link below to register or RSVP.