The Tax Cuts and Jobs Act impacts the federal tax treatment of C corps, pass-through entities, and their respective ownership interests, and these changes will affect both the conduct of business valuation and the values of businesses and equity ownership interests. The Tax Cuts and Jobs Act contains temporary changes in the individual income tax rate structure, “bonus depreciation,” limitations on state and local tax (SALT) deductions, and “qualified business income” deductions for certain PTEs. There are also permanent changes such as the reduction of the corporate income tax rate and limitations on the deductibility of business interest expense. Daniel R. Van Vleet, ASA, will guide you on the potential impact these attributes will have on the valuation process and indications of value. Attend and be better prepared for valuation in 2018.