The Qualified Business Income Deduction
Presented by: Bill Noll
This is the most significant change to the tax code in the past 40 years. For owners of pass through entities a deduction of twenty percent of qualified business income will be taken after calculating taxable income before QBID. Unfortunately, the deduction is unavailable for higher earning individuals who run specified service companies (law firms, healthcare practices, accounting firms and other licensed professionals). We will cover what types of pass through income are eligible for the QBID, how the QBID can phase out and secondary tests which grant a QBID deduction to non-specified service high earning owners. We hope to have a lively discussion, including recently issued regulations, about the implications of how the QBID will impact the structure of closely held businesses in 2018.
The Pennsylvania Supreme Court Disciplinary Committee
Presented by: Timothy Rausch
This committee was established by the PA Supreme Court to enforce the high moral standing that is so integral to the law profession. The discussion will include a brief history of the Committee, its structure and its basis for its jurisdiction; the kinds of enforcement actions utilized and what to expect, an overview of recent actions; things to do, things to avoid and things that can go wrong; ending with an intro to the Lawyers Concerned for Lawyers sub-committee.
Exercising Your Appraisal Rights to Ensure Fair Value for Your Shares
Presented by: Eric M. Andersen
Increased attention is being paid to the appraisal of shares acquired as part of an announced merger and what this means for wealthy clients who own such shares (as opposed to mutual funds and exchange-traded funds). The presentation will include (a) the Dell case and why it is so important for the broader discussion of appraisal rights; (b) what appraisal rights are (c) recoveries in appraisal actions over the past several years; and, (d) the mechanics of exercising appraisal rights.
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