Thursday, December 6, 2018 – Thursday, December 6, 2018 | 8:00am – 4:15pm

Federal Tax Camp with Sue Smith

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Agenda

 The Tax Cuts and Jobs Act brought about the most far-reaching changes to the tax code in a generation. New tax rates, deductions for pass-through entities, new depreciation rules, changes to home mortgage interest deductions, modifications of NOL rules, and new alimony rules are only some of the issues on which practitioners need to get up-to-speed this year. In this course, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law.

Major Topics

 
  • New loss limitation rules applicable to NOLs and the ability to offset income
  • Reformed child tax credit
  • Revised home mortgage interest deduction
  • Treatment of state and local taxes
  • Repeal of itemized deductions previously subject to 2% AGI floor
  • Survival of individual AMT with increased exemptions
  • Reduction to 7.5% floor for medical itemized deductions in 2017 and 2018 only
  • IRA recharacterization limits
  • Monumental changes to the treatment of alimony for both payor and payee
  • Section 1031 like-kind exchanges
  • Carried interest
  • New deferral possibility for stock options
  • Reduction in the corporate tax rate
  • Corporate AMT repeal
  • New bonus depreciation rules and expansion of sec 179
  • Expansion of number of taxpayers able to use the cash method of accounting
  • 30% business interest limitation
  • New rules on entertainment expenses, including meals
  • New business credit for wages paid due to family and medical leave
  • Doubling of estate and gift tax exemption to $22.36M for a married couple
  • Comprehensive coverage of the emerging flagship item of tax reform, sec 199A and its alteration of pass-through taxation and planning
  • Relevant state domicile issues which are quickly becoming a new source of practitioner profit
  • Review of pertinent cases and rulings affecting taxpayers
  • Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
  • The latest issues related to any other late-breaking tax law changes

 

Learning Objectives

  • Understand the latest tax law changes
  • Understand strategies and techniques for individuals to use in light of tax changes
  • Understand current cases and rulings affecting individuals and businesses

 This seminar qualifies for the Workforce Training Express Fund program. The course code for this program is 1117217  Click here for more details: https://www.mscpaonline.org/cpe/training_fund

Speaker

Susan Smith

Susan Smith

Susan Smith, CPA, manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master's taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Also, she recently received the James L. McCoy 2008 Discussion Leader of the Year Award for excellence in teaching. Smith earned her Bachelor of Business Administration degree, with an accounting concentration, from the University of Toledo.

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Conference Credits

This course is 8.00 credits

Conference Fees

MSCPA-AICPA Member
$319.00
MSCPA Member
$319.00
AICPA Member
$399.00
Non-Member
$399.00

Conference Cost

You pay
$399.00
MSCPA Members save $80.00 on this course. Login or Join to take advantage of these savings.

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+ $399.00

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