--- taxation law - federal tax
--- course production date: 1/1/2019
--- presented by LIBIN ZHANG

This course provides a general overview of some of the effects of the 2017 Tax Reform Act on individuals, such as the deduction limitations for state/local taxes (SALT) and mortgage interest, changes to other itemized deductions and fringe benefits, the new 20% pass-through business deduction, and certain benefits for investments in so-called “qualified opportunity zones”. The discussion covers some proposed Treasury Regulations and other guidance over the past year that have expanded upon the new legislation.

The program will take a look at some suggested tax planning strategies that have been rejected by the Treasury, and other strategies that may be successful moving forward.

Key course points are:

• Identify the effects of the new tax law on individuals.
• Analyze some state responses to the SALT deduction limitation, and Treasury counter-responses.
• Gain an overview of the 20% pass-through business deduction.
• Discuss the tax benefits for investments in qualified opportunity zones.
• Explore potential personal tax planning and other considerations to maximize tax.

--- presented by LIBIN ZHANG

Libin Zhang is a tax partner at Fried Frank Harris Shriver & Jacobson LLP, which he joined in 2019. He was previously a tax partner at Roberts & Holland LLP. He works on a variety of matters relating to corporations, real estate, and international taxation. He is a frequent writer and speaker on topics relating to 2017 tax reform, such as the article Marginal Income Tax Rates of the Passthrough Business Deduction, Tax Notes (May 21, 2018).

He received his B.S./M.S. joint degree with honors from the California Institute of Technology, his J.D. magna cum laude from Harvard Law School, and his LL.M (Taxation) from New York University. He has passed the Chartered Financial Analyst (CFA) Level III exam.