November 7, 2018

Marcum LLP Releases 2018 Year-End Tax Guide: Reference Tool for Tax Planning

Marcum LLP Releases 2018 Year-End Tax Guide: Reference Tool for Tax Planning Tax & Business

New York City, NY – Marcum LLP today released its 2018 Year-End Tax Guide. This year’s guide includes 17 chapters discussing how taxpayers are affected by the Tax Cuts & Jobs Act of 2017 (TCJA). It is a reference tool to help Marcum’s clients and friends of the Firm understand how the new federal tax rules are likely to impact their tax planning for 2019 and beyond.

Topics covered include:

  • A summary of the Tax Cuts & Jobs Act
  • Business year-end planning
  • New options for small business taxpayers
  • Plusses and minuses of converting a business to C-Corporation structure
  • Research and Development (R&D) Tax Credit applicability and benefit
  • Deferring and/or eliminating capital gains through Qualified Opportunity Zones
  • Top ten considerations for contractors
  • Tax, life insurance, pension, and estate planning
  • Gift and estate tax changes: transferring more wealth tax-free
  • Deductibility of assistive reproductive technology: costs under the Tax Cuts & Jobs Act
  • State and Local Tax (SALT) updates
  • What’s new for tax exempt organizations
  • Qualified transportation fringe benefits
  • Identity theft and cybersecurity
  • Global Intangible Low-Taxed Income (GILTI) and Foreign-Derived Intangible Income (FDII)
  • Transfer pricing
  • 2018 tax reference tables


“The TCJA implemented radically new tax provisions affecting both businesses and individuals, with an emphasis on rate reductions, new and complex deductions, and elimination of significant individual itemized deductions,” said Joseph Perry, national leader of Tax & Business Services. “Many important provisions remain unsettled as continuing guidance is issued almost daily. Congress is now considering making many of the TCJA individual provisions permanent, enhancing retirement programs, and enacting specified business innovation provisions in what is being called ‘Tax Reform 2.0.’ The timeline for legislation is uncertain, but Marcum will continue to keep clients up-to-date through timely Tax Flashes, memoranda, live presentations, and webinars. Our year-end tax seminars are another opportunity to learn about the new tax provisions in more depth.”

Jeffrey M. Weiner, Marcum’s chairman and chief executive officer, said, “The Tax Cuts & Jobs Act has implications for taxpayers that they are only now beginning to recognize. Marcum will continue to help our clients understand how the new tax law changes the landscape for their individual circumstances and to provide the most knowledgeable and creative planning strategies to assist them in accomplishing their personal and business objectives.”

Download the complete 2018 Marcum Year-End Tax Guide.