June 2019 Chapter Dinner Meeting

A Whole New "Tax" World: Changes at the Individual Tax Level

Matthew J. Katz, CPA, MBA, Supervisor, Business Advisory Services , Citrin Cooperman

(this presentation has been accepted by CFP Board for 1 CFP CEU)

The Qualified Business Interest (QBI/199A) deduction has created significant opportunities for tax management for small business owners. Our presenter, Matt Katz, will address the results of the first tax season since its implementation with some sample case studies and present ideas to help business owners get below applicable income limits to maximize this opportunity.

Learning Objectives: At the end of this session, attendees will (1) have a good understanding of the Tax Cuts and Jobs Act in general and, in particular, the major changes that the QBI/199A deduction presents on the individual taxpayer level and (2) know which businesses qualify for the QBI/199A deduction so that they can properly advise their small business owner clients.

Level of Complexity: Intermediate

Pre-Planning: The Benefits of Planning Funerals in Advance

Meghan Lovece, New York State Licensed Funeral Director/Embalmer , Edward F. Carter Funeral Homes

(this presentation has been accepted by CFP Board for 1 CFP CEU)

Meghan will kick off her presentation by addressing three key questions: (1) What goes into a funeral arrangement, (2) Why are so many people often unprepared, and (3) Why do people pre-plan? Pre-planning financial issues and options that need to be considered will be covered, as well as New York State laws related to pre-planning and Medicaid. Also discussed will be the common objections that clients may have to pre-planning.

The presenter will also talk about The Funeral Rule, enforced by the Federal Trade Commission (FTC), which enables consumers to choose only those goods and services they want or need and to pay only for those they select, whether making arrangements when a death occurs or in advance.

Learning Objectives: (1) Learn exactly what exactly what goes into pre-planning, i.e., disposition, services, merchandise, and timing, (2) Understand the pre-planning issues, financial and legal, that must be considered, and (3) Understand and be able to address both the benefits of and the common objections that clients may have to pre-planning.

Level of Complexity: Overview

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MANY THANKS TO OUR PROGRAM SPONSOR!

CITRIN COOPERMAN

represented by

Matthew J. Katz, CPA, MBA, Supervisor, Business Advisory Services

914-949-2990 x3363 - mkatz@citrincooperman.com