Course: The Passive Income “UnReform”

Further Curtailment of the Small Business Deduction
• Introduction of a New Passive Income Limitation
• Policy Concerns
• Various Numerical Example
• Potential planning opportunities- some obvious and some not….
• Should the small business deduction be abolished?
New Restrictions on Dividend Refunds
• Cannot GRIP and REFUND at the same time!
• Policy Concerns
• Mini Case Examples
• Potential double tax traps
• Potential planning opportunities- some “plain vanilla” and some exotic….
Are the complexities of this planning worth it to circumvent both of these rules?