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Overview

8.0 Credits
IN-PERSON

In this course, we review: Current year developments, recurring problems, and planning ideas. Using a combination of humor and examples, we will focus on tax developments that affect 2018 individual income tax return preparation and planning. As time permits, we will also review the major areas of individual income taxation to fine tune practitioners for "Tax Season."

Objectives

This Course is Designed to:  Provide the latest explanations, developments, and planning ideas regarding the provisions of the "Tax Cuts and Jobs Act of 2017" (TCJA-2017) impacting individuals  Help practitioners prepare for "Tax Season,"  Review and update individual tax law developments and planning ideas. The course includes a 600+ page reference manual with each chapter containing basic rules, selected items of interest, 2018 developments, planning ideas, and listings of related IRS forms and publications. Where applicable, each chapter of the manual includes a segment devoted entirely to the impact of "TCJA-2017" on that chapter's topic.

Major Topics

Review of individual Income Taxation Including:  Key provisions of the "Tax Cuts and Jobs Act of 2017" (TCJA-2017), including: New individual, dividend, and capital gains tax rates; Changes to the kiddie tax and child credit; New family tax credit; New excess business loss limitations imposed on individuals; Changes in tax benefits related to education; Impact of repeal of 20% miscellaneous itemized deductions; Changes to deductions for home mortgage interest and state and local taxes; Repeal of deduction for alimony, moving expenses, and certain investment expenses; New limits on Roth IRA re-characterizations; Expanded rules for plan loans; Estate and gift tax changes; Repeal of deduction for certain entertainment expenses; Changes to taxation of "carried interests"; New 20% Section 199A deduction applicable to individual owners of pass-through entities; and more!  Other Significant 2018 Judicial and Administrative Individual Tax Developments. Course Material Includes:  600+ Page Manual Containing a Discussion of Most Major Areas of Individual Income Taxation  Where Applicable, a Segment in Each Chapter of Relevant Changes under the "Tax Cuts and Jobs Act of 2017."  Checklist of Individual Tax Provisions Expiring after 2018  Checklist of Effective Dates of Significant Legislative Tax Changes Impacting Individuals  Checklist of Individual Tax Developments First Effective in 2018  Checklist of 2018 Developments That May Warrant Amended Returns

Designed For

Individuals who prepare individual income tax returns or who are involved in individual income tax planning

Prerequisite

At least one "Tax Season"