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- TCJA Toolkit
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What's in the TCJA Toolkit
Resources to help you identify TCJA-related tax planning opportunities for clients. You'll find an individual tax planning checklist to help ensure opportunities are not overlooked, a checklist for identifying opportunities to maximize the new qualified business income deduction under Section 199A, and a client letter that highlights tax changes and potential tax-saving
These summaries include quick reference tables that provide a side-by-side look at the new law and prior law, making it easy to identify key tax changes that may impact your clients.
Checkpoint Learning offers courses to get you up to speed on what you need to know now about the TCJA. We will continue to roll out new titles this year to cover legislation in depth.
A collection of time-saving practice aids that highlight key changes and help you navigate complex areas of the new law.
This playlist contains 10 videos that discuss various TCJA-related planning opportunities and other valuable information.
Additional free comprehensive resources
Brace for New Reporting and Disclosure Burdens Under the Section 199A Qualified Business Income Deduction
One of the most talked about provisions of the 2017 Tax Cuts and Jobs Act is the new qualified business income (QBI) deduction under Section 199A where eligible taxpayers may be entitled to a deduction of up to 20% of QBI.
Multiple Trusts and the Section 199A Qualified Business Income Deduction
The new qualified business income (QBI) deduction under Section 199A has generated both questions regarding its complicated rules and strategies designed to take advantage of gray areas. Recent proposed reliance regulations provide clarity on several issues and curtail some avoidance plans, including use of multiple trusts.
Determining W-2 Wages Under the Section 199A Qualified Business Income Deduction
Determining W-2 wages is an important aspect of computing the new qualified business income (QBI) deduction, under which qualifying individuals, partnerships, S corporations, trusts, and estates may be allowed a deduction of up to 20% of QBI.