Meeting/Event Information

 Directions

February 12, 2020

Social Security Strategy & Impact of Tax Cut & Job Act (TCJA)/Tax Planning Strategies
February 12, 2020
11:45 AM - 2:00 PM
Fleming's Prime Steakhouse & Wine Bar
Fashion Fair Mall, 639 E Shaw Ave
Fresno, CA 93710
Speakers: Jennifer Taboada & Paul C. Chen

$50.00 Guest Meeting Ticket

$30.00 Member Meeting Ticket

Sponsored by:  

BlackRock

2 CE Credits Pending

Members: $20 if register by February 3rd (11:59 p.m.) Cost increases to $30 on February 4th.

Non-Members: $50 

 

If you are a first time guest, there is no charge.  Please email Tina Mistry at [email protected] to register.

24 Hour cancellation policy.  Registration cancellations received prior to the deadline may be eligible to receive a refund by contacting Ryan Louie at [email protected]

Presentation by Jennifer Taboada: 

Social Security Strategy

***More details to follow***

 

Biography:

Jennifer Taboada has been in the financial services industry for over 10 years and has deep experience creating, implementing and presenting educational programs on financial planning topics. Currently, she leads the Social Security Consulting team at BlackRock and serves as a national specialist on the topic of Social Security. Jennifer is an active member of BlackRock's Women's Initiative Network and believes that engaging and fostering the full potential of women is key to financial planning success. Jennifer was raised in Ocean Township, New Jersey where she now lives with her husband Michael and daughter Isabella. She attended Seton Hall University where she received a BS in International Economics and a BA in Modern Languages with a specialization in Spanish and Italian.

 

Presentation by Paul C. Chen: 

Impact of Tax Cut & Job Act (TCJA) & Tax Planning Strategies

 

A Discussion of Taxation

  • General discussion
    • Taxation: Matter of Opinion within the boundary of reasonableness
    • What is going to happen if you don’t file a tax return?
    • What if you don’t have money to pay taxes

 

  • TCJA
    • 199A
      • QBI/QBID
      • Is rental income QBI
      • Phase-out based on taxable income
      • Phase-In with Wages and UBIA
      • SSTB
    • Standard Deductions
      • SALT limitation
      • Mortgage Interest Limitation (After 12/15/2017)
      • The impact of Doubling the Standard Deduction: Home ownership and Charitable Donation
    • IRA to Charity
      • Medical Expense Deduction
      • NIIT
      • Medicare Part B
    • Miscellaneous Deductions
      • Tax Return Prep Fees/Invest Advisor’s Fee/Safe Deposit Box
      • Attorney’s Fee
      • California not conforming
    • Capital Gain Rates

 

  • Tax Planning Strategies
    • Retirement Plan
      • 401(k) + Profit-Sharing
    • Section 179 and Bonus Deductions
    • Family Employees
      • Reasonable wages/reasonable work
      • No Employment Taxes if Sole Prop/Partnership
      • $12K earned income as Standard Deduction for dependent
      • Roth IRA

 

Biography:

Paul C. Chen has been a Certified Public Accountant for 22 years. His firm, Paul C. Chen Accountancy Corporation, has 4 CPA’s and 3 CPA candidates. Their practice specializes in taxation, especially for pass-through entities, such as S Corporations, LLC’s, Partnerships etc. Originally from Taiwan, Paul has lived in Fresno for over 36 years. He likes cooking, red wine and Zumba. He is married with two kids. Neither of his kids wants to be an accountant.