Business Planning – Case Study

With the enactment of the legislation known as the Tax Cuts and Jobs Act of 2017, a new provision of the Internal Revenue Code was born: Section 199A. The impact of the legislation is significant and likely impacts most financial advisors’ business clients as well as financial advisors themselves. A recent case illustrates how our in-house Advanced Planning Attorney was able to analyze the situation, offer some insight into the options available and discuss how this may benefit the business.