生活座談會 – 稅務講座
我們所知道的新稅法 TAX CUTS & JOBS ACT
DANIEL LU, CPA, GRACE YU, CPA & PHILIP CHANG, CPA 主講
LILY CHEN, CPA報導

台灣中心生活座談會在2018年12月1日舉行稅務講座，由三位大會計師合作，針對2017年12月底通過的TAX CUTS & JOBS ACT (TCJA) 新稅法，為我們一一講解。 內容整理歸納如下：

這一次的稅改是三十年來變化幅度最大的一次，並且自從原始法律通過之後，還有許多REGULATIONS, NOTICE, PUBLICATION 不斷地出刊。這些法律條文也有一些是前後互相矛盾的，也有些不明朗的部分還待官方的解釋，因此這次講座的內容是會計師們在12月之前所知道的稅法，請大家密切追蹤新稅法後續的公告或解釋。

另外，請大家注意每條稅法生效日期不一，大部分的新稅法也有日落條款，日落的日期也不一定一樣。這次參與活動的人數很多，台灣中心臨時多加了很多的座椅，謝謝大家熱烈的參與。除了再次感謝三位會計師之外，還要謝謝陳瀛昌、林淑華夫婦的贊助，以及黃彩鳳女士提供的餐點。

誠如PHILIP所說，牙痛千萬不要自己拔牙，在應用新稅法時，最好是請教專家。會計師們的資料如下：
DANIEL LU, CPA (PHILIP CHANG, CPA) 858-693-3333
GRACE YU, CPA (CHEN & FAN Accountancy Corporation) 858-587-8889 OR 626-279-1688
PHILIP CHANG, CPA (PHILIP CHANG, CPA) 858-693-3333
LILY CHEN, CPA (CHEN & WIDNER CPA LLP) 858-263-7488

• Income tax rates change but long-term capital gain rates remain: 0% 15% 20%
• AMT- Alternative Minimum Tax
  • Corporation -> Repealed
  • Individual ->Exemption amount is increased.
• Personal exemption is repealed
• Standard deduction increased
• The limitation on Itemized deduction is eliminated.
• The deduction for mortgage interest deduction is limited to underlying indebtedness of up to $750,000 . The deduction for indebtedness of up to $100K home equity is gone.
• Investment interest still deductible with limitation
• The itemized deduction for state and local taxes is limited to $10,000.
• The threshold for medical expense deduction is 7.5% AGI and applied to all taxpayers for 2018
  o 2019 -> 10%
• The limit for qualified cash charitable contribution is increased to 60%
• The personal casualty and theft loss deduction is eliminated except for personal casualty losses incurred in a federally-declared disaster.
• The deduction for miscellaneous itemized deductions that are subject to the 2%-of -AGI is repealed.
• Alimony is not taxable or deductible for divorce agreement executed after 2018.
• Moving expense is not deductible except for certain qualified military personnel
• The maximum child tax credit is increased from $1,000 to $2,000 per qualifying child under the age of 17
  • Qualified Dependent Credit $500( if not qualify for child tax credit)
  • MFJ $400K phaseout
  • Must have SSN
• No Affordable Care Act (ACA) health insurance penalty after 12/31/18
  • 3.8% Net Investment Tax remains
  • 0.9% Medicare Tax remains
• Estate and Gift Tax
  • Gift tax-> Annual tax exclusion for 2018 is $15,000
  • Estate tax -> basic exclusion amount increased from $5.49 million to $11.18 million
• NOL no carryback
  • Carryforward with 80% limitation
• Entertainment is nondeductible
• Depreciation
  • Bonus Depreciation up to 2022
• CA non conform
• Nexus established under Wayfair Case 2018
  • $100K or 200 transaction threshold for sales tax in lieu of physical presence test
• Dynamex 2018
  • Independent contractor vs. employee
  • Free of control
  • Outside of the business
  • Independent
• Kiddie Tax now taxed at trust rate
• No more recharacterization of ROTH IRA conversion
• 1031 exchange is allowed for real estate only
• 199A Qualified Business Income Deduction
  • Individuals, estates and trusts may deduct up to 20% of their qualified business income
  • Limitation applies when taxable income exceeds a certain amount
  • Specified Service Trade or Business(SSTB) has its own rules
  • Engineers, Architects, Real Estate Agents, and Insurance Agents are exempt from SSTB ( at the time of this seminar).