This program is designed to enable FOX members to better understand if the businesses they work with should consider converting to or electing C corporation status in light of the Tax Cuts and Jobs Act, lowering the federal corporate tax rate to 21%. In this session, we explored:
Trust and Estate Planning
Resource Search
Life Insurance-Premium Financing
Publish Date
Life insurance can play an important role in helping achieve the legacy and financial objectives of an individual or family—especially those with significant taxable estates and illiquid assets such as privately held businesses and real estate.
Why do the Wealthy Borrow?
Publish Date
More than any other segment of the population, the wealthy understand the power of leverage in today’s environment. Borrowing against an investment portfolio not only has the possibility of boosting returns, but it can also provide liquidity in a tax-efficient way. With relatively low current interest rates, investors may want to consider borrowing against their investment portfolios to fund major purchases and improve investment returns. Margin loans and non-purpose lines of credit are two effective ways to do this.
The Tax Cuts and Jobs Act reduced income tax rate for C corporations from 35 percent to 21 percent in 2018. No sooner was the ink dry on the new law before owners of pass-through entities began to work with their advisors to determine if it made sense to convert their entities to C corporations. As is often the case with sophisticated tax planning, conversion of a pass-through, whether an S corporation, limited liability company (LLC) or partnerships, to a C corporation, is a multi-faceted prospect.
The motivating factors behind the raised values in the real estate market are threefold: to diversify real estate holdings, move to a new product type, or exit the market altogether. Whether this indicates a peak in the market or frothiness in certain product types or geographic areas, tax-deferred exchanges provide commercial property owners with alternatives that allow for continued investment in real estate while delaying the tax consequences of outright sales.
Breakout 3: Tax Reform's Impact for Investors
Publish Date
The recently passed tax reform legislation will impact your investments, your legal entities, and your cash flow. This session will discuss what family offices can do to preserve deductions, explore the changes in how investment losses will be characterized, and explore other ramifications of the significant new tax legislation.
Liability Protection for Family Enterprise Directors & Trustees: Strategies to Attract and Retain Talent
Publish Date
Until recently, many families filled key governance roles associated with their trust and estate planning with trusted friends, colleagues, or advisors who were flattered to be asked and honored to serve.
From news out of Washington, to improving global growth and strong corporate profits, a number of factors could shape the markets in 2018, including the impact of the recent Tax Reform Bill may have on your portfolio. Christopher Hyzy, Chief Investment Officer for Bank of America Global Wealth & Investment Management, provides important insights into opportunities and risks in the coming year—and what it could all mean for you.
HR Focus, Winter 2018
Publish Date
Now that the Tax Cuts and Jobs Act is law, it is helpful to have a checklist for determining how tax reform changes your employee benefit programs and a chart outlining the key benefit plan limits for 2018. Also in this issue of HR Focus, we revisit what sexual harassment is and what employers should be doing to prevent it, address it and help protect themselves from potential liability.
The Tax Reform Act contains sweeping changes and impacts all taxpayers, from individuals to businesses, and the rules for each category are different.