May 21, 2018

New tax law implications explored in ABA webinar

The ABA Tax Section will offer a webinar on Wednesday, May 30 focused on the new tax law. Tune in at 1 p.m. EST to “Tax Planning for Law Firms under the 2017 Tax Act.”

The newly enacted 2017 Tax Act will be particularly relevant to lawyers and law firms. Due to the provisions of the law, changes will be made to the taxation of small and closely held businesses and pass-through entities, including most law firms.

Moreover, the act’s new 20-percent passthrough deduction specifically excludes legal service income, leaving many lawyers considering their options.

Hear from Morgan L. Klinzing of Pepper Hamilton, LLP, Robb A. Longman of Longman & Van Grack, LLC, and Roger Royse of Royse Law Firm to learn more about the potential impact the new tax legislation will have on lawyers and their firms and how attorneys might take advantage of its new provisions.