Tax Planning for Individuals: A Review & Update Self-Study Webinar (10 Hours)


Explore the full gamut of tax provisions, regulations, rulings and court cases affecting current year tax preparation and subsequent years’ tax planning for individuals. In this targeted self-study program, you will:

  • Learn about the tax impacts of recent legislative actions, including the Tax Cuts and Jobs Act of 2017, Secure Act of 2019 and the Extenders Act of 2019
  • Receive an update on pending tax legislation and other developments
  • Gain practical knowledge of how to fill out tax forms related to all the issues discussed

To provide tax professionals with an update on important legislative, regulatory and judicial actions impacting individual taxpayers. You’ll finish with a thorough understanding of the current laws, regulations and a host of planning strategies to help you and your clients minimize tax exposure now and in the future.

  • How the Tax Acts of 2017 and 2019 will impact individual tax returns now and in the future
  • Tax rate changes
  • Individual tax brackets
  • Standard deductions
  • Itemized deductions
  • Mortgage and other interest expense
  • Capital gains
  • Carried interest
  • Adjustments to income
  • Income exclusions
  • Child Tax Credit and Kiddie Tax
  • Health insurance and 529 plans
  • 199A Qualified Business Deduction
  • Estates, gift tax and GST
  • Residential rental property
  • Sale of a principal residence
  • Update on Passive Loss Rules
  • Retirement plans
  • Stock options
  • Alternative minimum tax

• Identify the Tax Cuts and Jobs Act effect on individual taxpayer’s tax brackets, personal exemptions and the standard deduction

Recognize the change in the Pease limitation

Identify the changes to individuals’ itemized deductions

Identify the uses of loan proceeds which will allow the associated interest expense to be deductible against investment income

Select the number of days in which the interest tracing rules automatically allocate debt based upon how the proceeds are used

Identify the sale of capital assets subject to a rate in excess of the otherwise maximum rate of 20%

Recognize the new child tax credit limitation

Identify the primary change to the “kiddie tax” rules

Recognize the overall approach taken by Congress to give income tax relief to pass-through income recipients

Identify the basic formula for tax relief under Section 199A

Identify the effective tax rate applicable to income qualifying for the Section 199A deduction

Recognize the definition of a “qualified trade or business” under Section 199A

Recognize those types of professional service businesses falling outside the limitations of non-qualifying businesses

Identify the scenarios under which limitations to the deduction will apply

Identify the separate limitation formulas associated with qualified and nonqualified business income

Recognize basic tax planning considerations involving the Section 199A QBI deduction

Identify the effect of the Act on an individual’s estate and gift lifetime exemption amount

Identify recent tax extenders legislation

Identify the dollar limit on tax-free rental income for certain rentals of individual’s residences

Select the limitation on the number of days an individual may use a second home as a personal residence in order to avoid the second home being considered to be a vacation home

Identify the ordering of rental expenses when the deduction of those expenses is limited to rental income

Calculate the taxable gain on the sale of a personal residence where the taxpayer met all tests for the statutory exclusion

Calculate the taxable gain on the sale of a personal residence where the taxpayer did not meet all of the tests for the full statutory exclusion

Identify passive loss activities

Calculate the allowable deduction for a taxpayer’s loss from their share in a real estate limited partnership in which the taxpayer did not actively participate

Identify the economic unit factors in the grouping of passive activities

Identify the date on which a taxpayer will report taxable income in the context of incentive stock options

Calculate the taxable gain upon the sale of stock originally granted as an incentive stock option

Calculate the AMT preference associated with the exercise of an incentive stock option




No advance preparation required.

Level of Knowledge: 

No advance preparation required.

CPE Credit: 
NASBA Field of Study: