[Promo] Code Section 199A opportunities for Business Owners

[Daniel Hochler]

The Tax Cuts and Jobs Act dropped the top corporate rate to 21% and creates new Code Section 199A that provides for a 20$ deduction for the non-wage portion of pass-through income.


These changes set up important questions for advisors.


  1.  What will a client's pass-through deduction look like?
  2.  Is a particular client "better off" being a C Corporation or a pass-through entity?
  3.  Is a client "better off" staying as an employee or switching to an independent contractor status?
  4.  Should Schedule C business owners switch to being an S Corporation and pay themselves a salary in order to claim a 199A deduction?
  5.  Trusts and estates can qualify for the IRA 199A deduction, but how should an advisor compute the amounts apportioned to the trust/estate and the beneficiaries based on the rules under old IRC 199 and Treasury Regulation 1.199-5?
  6.  IRC Non-Grantor Trust Allocations
  7.  How will a contribution to a Qualified Retirement Plan reduce taxable income and how will that impact the IRC 199A deduction?



Yours for life,

Daniel Hochler
(Office) 646-638-9863
(Cell) 516-712-9556
Daniel_Hochler at fhfg.com<mailto:Daniel_Hochler at fhfg.com>

Forest Hills Financial Group
122 E. 42nd Street Suite 2200
New York, NY 10168
www.fhfg.com<http://www.fhfg.com/>

Click here to learn why we need financial balance:

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Financial Representative, The Guardian Life Insurance Company of America (Guardian),  New York, NY. PAS is an indirect, wholly owned subsidiary of Guardian.  Forest Hills Financial Group  is not an affiliate or  subsidiary of PAS or Guardian. PAS is a member FINRA, SIPC.

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