ACTEC Workshop

Alan Kornstein was a guest speaker at a meeting of the New Jersey Fellows of the American College of Trusts and Estates Counsel (ACTEC) at McCarter & English’s Newark office. Alan’s presentation addressed the key pass-through provisions of the recently-enacted federal tax reform legislation, with particular emphasis on a brand new provision by which individuals will be entitled to deduct up to 20% of the “qualified business income” earned through a partnership (including an LLC classified as a partnership), S corporation, disregarded entity or sole proprietorship, subject to numerous exceptions and limitations.