With federal estate tax estimated to affect only 1-in-1,500 families under current law, income tax planning has taken on greater importance. Section 199A of the Internal Revenue Code allows owners of pass-through entities to deduct up to 20% of their qualified business income (QBI) … but the statute and proposed regulations are fraught with peril. Are the potential benefits worth it? If so, will the client qualify? These and many other questions will be addressed … some definitively!
Credits: 1.25 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Thomas J. Pauloski, Bernstein Private Wealth Management, Chicago
Originally presented as part of the 62nd Annual Estate Planning Short Course, available in its entirety as P9004-19U.