"Tax reform" has created income and estate tax planning opportunities for families and their closely-held businesses. This presentation will discuss innovative tax planning techniques that take advantage of the "permanent" and "expiring" features created by the new tax act. Learning Objectives:
1. Learning straightforward, innovative, and sophisticated wealth transfer techniques that maximize the temporary doubling of the applicable exclusion amount; 2. Maximizing the Section 199A deduction while it lasts and why converting to a C corporation and becoming a Qualified Small Business Stock company may be the ultimate end game; and 3. Planning with partnerships and disregarded entities to minimize income and estate taxes at the same time.