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Title: Tax Changes Affecting Holders of Pass-Through Vehicles

Date: Wednesday, February 7, 2018- REPLAY

Time: 1:00 PM Eastern Standard Time

Duration: 1 hour

Morrison & Foerster Tax Reform Series - Session One: Tax Changes Affecting Holders of Pass-Through Vehicles
Prior to the Tax Cuts & Jobs Act of 2017, owners of partnerships, S corporations, and sole proprietorships – as “pass-through” entities – pay tax at the individual rates, with the highest rate at 39.6 percent. Now, H.R. 1 allows a temporary deduction in an amount equal to 20 percent of qualified income of pass-through entities, subject to a number limitations and qualifications. As well as a reduction in the threshold amount above. The new law also contains rules that will prevent pass-through owners – particularly service providers such as accountants, doctors, lawyers, etc. – from converting their compensation income taxed at higher rates into profits taxed at the lower rate.

Morrison Foerster will discuss the prior law, current law, and focus on the following areas:
  • Elimination of miscellaneous itemized deductions
  • Impact on investment management fees and investment fund structures
  • New 20% deduction for “qualified business income”
  • Business income earned through pass-throughs
    • Treatment of services income
  • REIT dividends
  • MLP income deduction for qualified business income.
Wolters Kluwer Legal & Regulatory U.S. is pleased to partner with for CLE accreditation. Upon completion of each webinar an informal certificate will be issued. Attendees will receive an email from with filing instructions so official certificate can be issued for your records and attendance submission where necessary. Additionally, some states do require attendance reports for the participant. In that case, attendance reports will be submitted within 30 days of completion of the program.
CLE credits are only offered for live attendance and are complimentary.