ESTATE PLANNING TIP CORNER

This month’s tip courtesy of Natallia Z. Ioannou, CPA, CEP, MBT

Are you looking for answers about Tax Cut and Jobs Act’s new 20% deduction for QBI (Sec. 199A)?

Is your business entity organized as an S corporation and your taxable income on individual level is above $157,500 ($315,000 for joint filers)? You need wages and/or property to qualify for Section 199A benefit.

There are steps which can be done to possibly maximize Section 199A deduction.

One is to pay yourself a reasonable salary.

Providing Estate Planning professionals with knowledge and resources to better serve their clients and community.

Do you know someone that works in estate planning or related industries and would like to meet professionals who are dedicated to enhancing the proficiency of advisors who are active in the field of estate planning and who share a commitment to professional growth through education and cooperation?

Or, do you have a friend or a colleague that might be in need of one of our member’s services?

Please share the link to our site.

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