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Individualtaxpayers rappaport

TAX REFORM: THE IMPACT OF TAX REFORM ON INDIVIDUAL TAXPAYERS

Cost $15.00
Presentation Length 1.0 hour

Recorded DateJuly 30, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

My previous programs focused on the impact of the Tax Cuts and Jobs Act of 2017 on real estate and on the financial industry, respectively. This program dives into the details regarding the changes affecting individual taxpayers. During the presentation, I will review changes to individual deductions, exemptions and credits; the concept of “filing one’s taxes on a postcard;” changes affecting homeownership decisions; and the limitation of the deduction for state and local taxes – including the viability of state-level legislation designed to circumvent the limitation.

Learning Objectives

  • Help the viewer grow comfortable with the changes impacting the preparation of IRS Form 1040 for the taxable years 2018-2025.

  • Help the viewer understand the way that the TCJA will affect their everyday clients.

  • Alert the viewer to the possible outcomes of the SALT deduction limitation and the responses put forth by state legislatures in high-tax jurisdictions.

  • Suggest to the viewer planning options for individuals to best adapt to the new statutory environment.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Matthew E. Rappaport concentrates his practice in Taxation related to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely-held business owners. He also functions as a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.

Mr. Rappaport graduated from Washington University in St. Louis in 2007, cum laude, with an undergraduate degree in Political Science. His undergraduate thesis was a cross-sectional analysis of the corporate culture of the privately held financial firm Edward Jones. He received his Juris Doctor and Master of Laws in Taxation from Georgetown University Law Center in 2011. Mr. Rappaport is licensed to practice in New York. He is an active member of the Nassau County Bar Association, the New York State Bar Association, and the American Bar Association. He was the Co-Vice Chair of the Tax Committee of the Nassau County Bar Association from June 2015 until June 2016.

He serves on the Sales, Exchanges, and Basis Committee of the American Bar Association Section of Taxation. Mr. Rappaport has authored articles for the Nassau Lawyer, Thomson Reuters’ Journal of Real Estate Taxation, The Tax Adviser, Bloomberg BNA’s Tax Management – Real Estate Journal, and the Journal of Taxation of Investments. He has spoken at the request of the American Bar Association, the National Conference of CPA Practitioners, the Financial Planning Association, Strafford Publications, the School of Accounting at LIU Post, and a wide variety of law, accounting, and wealth advisory firms. He is a founder of the young professionals networking group Hydra Collective.

About Our Presenter

Falconrappaport logo
Matthew E. Rappaport concentrates his practice in Taxation as it relates to Real Estate, Corporations, Partnerships, and Trusts & Estates. He advises clients regarding tax planning and structuring for generational wealth transfer, commercial real estate enterprises, business transactions, and cross-border considerations. He primarily advises real estate professionals, financial professionals, and closely held business owners. He also functions like a subcontractor for other attorneys, accountants, financial advisors, bankers, and insurance professionals when they encounter matters requiring a threshold level of tax law expertise.