"Strategic Planning for Business Owners after 2017 Tax Reform: 
Insights 10 Months Later"

This program discusses how C corporation effective annual income rates vary depending on distribution rates and pressures that C corporations face to declare dividends, including how converting to a C corporation may destroy a sale to an irrevocable grantor trust. The speaker will also discuss which types of income are eligible for the 20% deduction, how to make real estate rental qualify for the deduction (including the effect of self-rental when the tenant is or is not a pass-through entity), how the deduction works for trusts, and how to plan for depreciation deductions and net investment income tax when holding a pass-through business in trust. This will include coverage of the proposed regulations for qualified business income under IRC § 199A and under the multiple trust rule under IRC § 643(f). Attendees will also learn how to avoid the loss of AAA and to avoid the 5-year waiting period when converting from S corporation to C corporation, concerns regarding switching back when the tax law changes again, and using hybrids to try to minimize overall tax rates.

Steve Gorin, a Washington University alumnus (A.B. 1983, J.D. 1986), is a partner in the St. Louis office of the law firm of Thompson Coburn LLP, which also has offices in Chicago, Los Angeles, and Washington, D.C. Before practicing law, Steve practiced accounting for 8 years, was a partner in a local CPA firm, and still maintains his CPA license and CGMA designation He is a past chair of the Business Planning Group of committees of the American Bar Association’s Real Property, Probate, Trust & Estate Law Section, a past chair of the Business Law Section of the Bar Association of Metropolitan St. Louis, and a member of the Business Planning Committee of the American College of Trust and Estate Counsel (ACTEC), including a current Regent of ACTEC and past chair of the Business Planning Committee’s subcommittee on pass-through entities.