Tax Planning for Individuals: A Review & Update Webinar

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
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
8.00
NASBA Field of Study: 
Taxes