Federal Tax Update for the Seasoned Tax Practitioner Webinar

Overview: 

Federal tax laws can be treacherous, even for the seasoned tax practitioner, with a minefield of hidden complexities and ever-changing tax rules and forms. This program is for experienced professionals who want to delve deeper into certain key areas of taxation and master their intricacies. You will:

  • Get updates on newest planning techniques for business entities and individuals
  • Advise your clients on the latest tax changes and opportunities included in the Tax Cuts and Jobs Act
  • Gain a greater understanding of current taxation trends and the directions they may be heading in the future
Objective: 

To update experienced tax professionals on specific critical areas of the federal tax code, and show them how to effectively handle these important issues and complete the required tax forms.

Emphasis: 
  • Recent Changes & Legislation
    – Standard deduction and exemptions
    – State and local deductions
    – Charitable contributions
    – Casualty and theft losses
    – Itemized deductions
    – Capital gains and qualified dividend tax rates
    – Adjustments/income exclusions
    – Affordable Care Act and the premium tax credit
    – 529 college savings plans
  • Section 199A Deduction Under the TCJA
    – Deduction computation
    – Planning considerations
    – Pass-through entities
  • Changes to Business Tax Provisions
    – Corporate tax rates
    – Fringe benefits
    – Business interest
    – Net operating losses
    – Research and expenditures
    – Depreciable assets changes
    – Penalties and fines
  • Tax Relief for Employers Impacted by COVID-19
  • The SECURE 2.0 Act
  • Estate & Gift Tax Provisions
  • US Taxation of Foreign Income
    – Earning and profits transition tax
    – Participation exemption system
    – Prevention of base erosion
  • Tax Implications of Divorce & Separation
Bottom
Prerequisite: 

Working knowledge of federal taxes.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Advanced.

CPE Credit: 
8.00
NASBA Field of Study: 
Taxes