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2017 tax reform benefits for lawyers

Understanding What the 2017 Tax Reform Act Means for Your Law Firm [Webinar]

This article is for informational purposes only. It is not intended to be used in place of professional advice, treatment, or care in any way. Lawyers, law students, judges, and other legal professionals in Massachusetts can find more on scheduling a Free & Confidential appointment with a licensed clinician here.

 BONUS full-hour edition of Webinars for Busy Lawyers, we have two experts ready to help you understand how your law practice might be able to benefit from the tax cuts that took effect at the start of 2018.

On July 10th at noon (eastern) Mary Vandenack and Michael Weaver will present
Understanding What the the 2017 Tax Reform Act Means for Your Law Firm

The Tax Cuts and Jobs Act of 2017 added Section 199A to the Internal Revenue Code providing a deduction to owners of pass-through entities and a lower tax rate for C corporations. Most service providers, including lawyers, are severely limited in any ability to benefit from the new law.

There are however creative ways that lawyers can restructure their entities to get some benefits from the new tax law. This webinar considers how professionals can use retirement plans to reduce income thresholds, spin out real estate and non-service business interests and other strategies to achieve benefits under 199A.

Our Webinars for Busy Lawyers are always FREE but spots are limited so register now!

About the Experts

Mary Vandenack is founding and managing member of Vandenack Weaver LLC in Omaha, Nebraska. Mary is a highly regarded practitioner in the areas of tax, business, benefits, high net worth estate planning, asset protection planning, executive compensation, business succession planning, tax dispute resolution, international tax, state and local tax, and tax-exempt entities. Mary’s practice serves businesses and business owners, executives, real estate developers and investors, health care providers and tax exempt organizations. Mary is a member of the American Bar Association Real Property Trust and Estate Section where she serves as Co-Chair of the Futures Task Force, co-Chair of the Economics of Practice and Technology Committee and Vice Chair of the Asset Protection Planning Committee and of the American Bar Association Law Practice Division where she serves on the ABA TECHSHOW Board, the Executive Council, and as Chair of the Law Practice Magazine Board. Mary was the winner of the 2015 James I. Keane Memorial Award, presented at the 2015 Tech Show and was named to ABA LTRC 2018 Distinguished Women of Legal Tech. Mary is a frequent writer and speaker on tax, benefits, asset protection planning, and estate planning topics as well as on law practice related topics including improving the delivery of legal services, technology in the practice of law, building sustainable law firms, and alternative fee structures. Mary was featured in the September 2015 issue of Fortune Magazine, is AV rated by Martindale Hubbell, and was included in Women Leaders in the Law in 2017 issues of American Lawyer, Corporate Counsel and the National Law Journal. Mary was chosen as one of America’s Best Lawyers in Trusts & Estates 2018.

Michael Weaver is a member of Vandenack Weaver LLC in Omaha, Nebraska. Mike’s practice focuses on providing experienced counsel to businesses and individuals. His areas of expertise include corporate and business law, real estate transactions, federal and state taxation and tax planning, estate, retirement and financial planning, and trust administration and probate. In his practice, Mike represents a wide variety of business interests on tax, corporate, contract, real estate, and financial matters, including sole proprietorships, partnerships, limited liability companies and corporations of all sizes. Mike especially enjoys working with closely held businesses, helping them reach their goals by providing practical advice that minimizes risk while navigating complex legal issues associated throughout the life-cycles of their business. Mike is a member of the American Bar Association Sections on Business Law, Corporate Counsel, Real Estate and Probate and Trust Law.

CATEGORIES: Law Firm Finance | Lawyer's Quality of Life | Risk Management

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