Government Affairs Alert: Free Tax Reform Webinars for Big "I" Members
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Due to high member interest in implementation of the Tax Cuts & Jobs Act, the Big “I” will host two free webinars to provide Big “I” members with information on how the new law and regulations are expected to impact their businesses. To accommodate potential scheduling conflicts, we have decided to host the same webinar live on two different dates:
- The first webinar will be held from 1:30pm to 2:30pm EST on Thursday, September 13. This link can be used to register for the September webinar: https://attendee.gotowebinar.com/register/3215066950696883202
- The second webinar will be held from 1:30pm to 2:30pm EST on Wednesday, October 3. This link can be used to register for the October webinar: https://attendee.gotowebinar.com/register/4802060252786999554
Last year, the President signed into law the widest-ranging tax reform legislation in decades. The legislation will impact the tax liability of agents and brokers in 2018 and beyond. The centerpiece of the law is a lowering of the corporate tax rate from 35% to 21%. The law also changes tax rates for individuals and creates a special 20% deduction for pass-through businesses. The Treasury Department recently released draft regulations that outline how insurance agencies and brokerages can benefit from the new pass-through deduction.
The webinars will provide a brief introduction to the tax law and its impact on C-Corps and changes made to individual tax rates. They will also provide a comprehensive explanation of the new deduction for pass-through entities and the draft regulations that directly address how insurance agents and brokers can use the new deduction. Approximately 80% of Big “I” members are organized as pass-through entities, such as S-Corps and LLCs.
Please read this week’s News & Views for more information.
