Hi
The week after the Tax Cuts and Job Acts law was passed, the Los Angeles Times wrote,
The tax plan that President Trump signed into law last week creates one of
the largest new loopholes in decades, a 20% deduction for “pass-through income." In reality, the new deduction disproportionately benefits the wealthy, penalizes workers and, in part because it is so complex, will ultimately reward those who can afford the best tax advice.
The new laws give you the most significant tax advantages of any tax law in the 21st Century. But It is certain that the new tax laws are just another
deep layer of complexity on top of an already messed up IRS Code. Time is running out to learn how to take advantage of the new tax “loopholes” that have been created by the new Tax Cuts and Jobs Act. But you are not out of time yet, and you are lucky because a spot opened up in our Boot Camp
October
29-30, 2018 so we can still fit you in.
I have redone the October Boot Camp to give extra time to our tax experts. Ben Rucker, the former IRS special auditor who now works with me, recalculated his 2017 taxes using the new tax laws and he would take home an extra $30,000+ if he could refile his 2017 taxes using the 2018 tax laws. That’s pretty good for someone who makes a good living but isn’t one of “the wealthy.” Ben will be there
and the retired head of the IRS Western Division will be there also. I will do one-on-one sit down conferences with each of you on the legal stuff and they will do one-on-one tax consulting with you.
Lee Phillips, JD
US Supreme Court Counselor
