Monday, Jun 8, 2020
11:00am – 7:00pm
With the increasing complexity and ever-changing nature of tax laws and issues, today’s accountant needs a one-day update course focusing on individual income tax issues. This comprehensive class will not only review the current Federal individual income tax laws but will also update tax return preparers of new tax forms, changes to existing tax forms, as well as tax planning opportunities and pitfalls. This is a “must-attend” course for all tax practitioners who want to be up to speed quickly and have a successful Federal individual income tax filing season.
**Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to email@example.com.
- Understand the major Federal income tax laws impacting C & S corporations, partnerships, LLCs, LLPs and their owners
- Identify and comprehend any newly enacted legislation, changes and IRS guidance affecting business income tax returns
This session is a comprehensive review of the Federal individual income tax provisions and tax forms/schedules that will affect the 2019 tax returns and 2020 tax projections with an emphasis on newly enacted tax legislation, court cases, and IRS guidance. Each participant will receive a comprehensive individual income tax reference manual that includes numerous practice aids, real world examples, new Federal income tax forms and schedules, and the Phoenix Beach Quick Reference Chart. Topics include but are not limited to:
- Detailed coverage of the individual income tax provisions of the Tax Cuts & Jobs Act (TCJA) including but not limited to the 20% qualified business income (QBI) deduction; changes to the income tax rates, kiddie tax computation, AMT, personal exemptions, itemized deductions, child tax credit, NOLs, business loss limitations, interest deduction, accounting method changes and income exclusions
- Look at any changes to the Form 1040 and other related schedules and forms
- Cover issues related to the various taxes (i.e. income, capital gain, self-employment and alternative minimum tax (AMT))
- Review changes to depreciation, itemized deductions, adjustments to income, passive activities and tax credits