Overview:
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 program, you will:
- Learn about the tax impacts of recent legislative actions
- 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
Objective:
To provide tax professionals with an update on important legislative, regulatory and judicial actions impacting individual taxpayers. You’ll leave 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.
Emphasis:
-
Individual Tax Brackets, Standard Deductions
- Personal exemptions -
Itemized Deductions
- Medical deduction changes
- Mortgage interest
- SALT
- Charitable contributions
- Casualty and theft -
Mortgage & Other Interest Expense
- Qualified residence
- Investment
- Business
- Higher education loan
- Passive activity
- Personal -
Capital Gains & Carried Interest
- Qualified dividend tax rates
- Unrecaptured §1250 gain
- Form 8949—Sales and Other
Dispositions of Capital Assets -
Adjustments to Income & Income Exclusions
- Alimony and separate
maintenance agreements
- Moving expense reimbursement
- Qualified retirement plans
- Principal residence
- Tuition - Child Tax Credit & Kiddie Tax
-
Health insurance & 529 College Savings Plans
- Affordable Care Act -
199A Qualified Business Deduction
- Qualified trades and businesses
- Taxable income limitation
- Qualifying property
- Carryover of losses
- Type of entity (sole proprietor, S
Corp, C Corp)
- Employees and contractors
- Retirement contributions - Estates, Gift Tax & GST Tax
-
Other Changes
- Contesting IRS levy changes
- Additional due diligence
- Extenders
- SECURE Act - Residential Rental Property
- Sale of a Principal Residence
-
Passive Loss Rules
- Suspended losses
- Special allowance -
Retirement Plans & Stock Options
- Taxability of qualified and
nonqualified plans
- Equity grants - Alternative Minimum Tax—Individuals
