Federal Tax Update Individuals & Businesses


Tuesday, January 14, 2020 · 2:00 – 4:30 PM ET

You have one year from airing date to use this course as credit.

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Continuing Education

CPE Program Knowledge Level: Update
3 CPE Credit; NO prerequisites or advance preparation
CTEC Course #: 3022-CE-0136
IRS/RPO Approved Program
#7ZBUJ-U-00077-20-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-U-00077-20-S (QAS Self Study) Archive
Federal Tax Law Update (3 Hours)

For this 3 credit program you need to have purchased a 15 Credit or 3 Credit package

Program Content

This online learning program, presented as a live webcast, will be also archived for QAS Self Study. The program will be available for viewing for 12 months after the live webcast. A panel of IRS and industry experts will present the content during a live, interactive discussion, where participant questions can be submitted. Questions will be answered live on the program or posted on the Resources page.

The program, through a lively round-table discussion and real time interaction with the audience, looks at the administrative and legislative changes to the rules affecting the filing of both individual and business returns for the 2019 tax year, including any enacted or proposed tax reform. Panelists will provide updates on the start of the current filing season and review tax provisions that are expiring or have expired and the prospects for extending those provisions. Panelists will discuss recent legislative and administrative developments relating to filing 2019 tax returns to ensure complete understanding.

By the end of the program, participants will have a practical understanding, through accurate, current, and effectively designed communications, of the changes to tax forms for the 2019 filing season, new legislation and guidance affecting those returns, and how to avoid the potential problems that may arise.

Program Learning Objectives

  1. Identify the amount of the federal estate and gift tax exemption.
  2. Identify the 2020 standard mileage rate.
  3. Identify what changes from TCJA start in 2019.
  4. Identify the inflation adjustments for 2019.

Program Outline

  • Individual Returns
    • Inflation adjustments
    • Changes to Forms and Schedules
    • New IRS guidance affecting 2019 returns
    • Anticipated problems

  • 2019 Legislation Affecting Individuals
    • Deductions
    • Tax credits
    • Exclusions from income
    • Return filing
      • Form 1040SR
      • Basis reporting requirements
    • Last minute legislation

  • Business Returns
    • Inflation adjustments
    • Changes to Forms and Schedules
    • New IRS guidance affecting 2019 returns
    • Anticipated problems

  • 2019 Legislation Affecting Businesses
    • Deductions
    • Tax credits
    • Partnership audit rules revisited
    • Last minute legislation

Panelists

Moderator

Alan Pinck, EA
A. Pinck & Associates

Alan Pinck is an Enrolled Agent with over 25 years of tax preparation experience in the San Francisco Bay Area. He has built a practice specializing in individual, small business tax preparation and audit representation. He is currently a speaker at the NTPI events, CSEA Super Seminar as well as a variety of other presentations for tax groups and small business associations. Having represented thousands of tax returns in audit, Alan has obtained tremendous insight of the audit process as well as knowledge on a wide variety of tax issues.

IRS Panelist

Charles Hall

Anna Falkenstein
Senior Stakeholder Liaison
Communications & Liaison, Internal Revenue Service

Anna Falkenstein represents the IRS for Face-to-Face and Virtual taxpayer educational and outreach events working with tax professionals, payroll providers, industry and trade associations, small business owners, as well as in conjunction with other Federal, State and local government agencies.

Anna Falkenstein has been employed with the IRS since 1988. Prior to her work in Stakeholder Liaison Division, she held positions as a Field Revenue Officer and Offer-in-Compromise Specialist in the Collection Division. Anna regularly speaks at organization meetings, conferences, seminars and workshops, both face-to-face and via webcast, on tax related topics that are relevant to the given tax professional, payroll or small business audience.

Industry Panelists

Thomas A. Gorczynski

Thomas A. Gorczynski, EA, USTCP
Senior Tax Consultant, Gorczynski & Associates, LLC

Thomas A. Gorczynski, EA, USTCP is Senior Tax Consultant at Gorczynski & Associates, LLC in Phoenix, AZ. He is a Certified Tax Coach, a National Tax Practice Institute (NTPI) Fellow, and admitted to practice before the United States Tax Court. He is a nationally-known instructor and technical writer on tax law and co-owner of Compass Tax Educators, which provides online education for tax professionals.

Claudia Hill

Claudia Hill, EA, MBA
Tax Mam, Inc./TMI Tax Services Group, Inc

Claudia Hill is an Enrolled Agent, nationally recognized tax professional and frequent lecturer on taxation of individuals and representation before IRS. She is Editor in Chief of the WoltersKluwer, (formerly CCH) Journal of Tax Practice & Procedure, co-author of CCH Expert Treatise Tax Practice & Procedure, a founding partner of Tax Genius Learning, and a frequent presenter for both audio and in-person CPE seminars nationwide. Claudia coordinates a "dream team of tax controversy advisors" for the IRS Watch blog on Forbes.com (http://blogs.forbes.com/irswatch/). She was named a Top Ten Nominee by Tax Analysts as 2011 Person of the Year.

Claudia is owner and principal of Tax Mam, Inc. and TMI Tax Services Group, Inc. in Cupertino, CA. TMI Tax Services Group offers tax return preparation, tax planning, and tax problem resolution and representation services, primarily to individual clients. She is often called upon by the news media as a resource person for commentary on tax topics. Her articles and observations have appeared in CCH publications as well as Tax Analysts, Forbes.com and industry professional journals. Her mission to reform or eliminate the individual AMT has been the focus of a number of articles. In March 2005, Claudia was invited to testify about the individual AMT at the President's Tax Reform Panel. Visit her website, www.taxmam.com.

Claudia is an associate member of the ABA Tax Section, a life member of the American Tax Policy Institute, a Fellow and former Dean of the NAEA-EF National Tax Practice Institute. After several years as "Chair," Ms. Hill is now a special advisor to the Government Relations Committee for the National Association of Enrolled Agents. She served on the 1987 Commissioner's Advisory Group to the National Office of the Internal Revenue Service. Ms. Hill holds a Master degree in Business Administration, earned with honors in 1978.

 

Content Consultant

David F. Windish, J.D., LL.M
Content Consultant

David F. Windish, J.D., LL.M. in taxation, is a tax attorney and consultant. He has served as an instructor of tax-advantaged investments at the New York Institute of Finance; an Instructor of business law at the U.S. Merchant Marine Academy, Kings Point, N.Y.; and an adjunct professor at George Mason University, Fairfax, Va. He has also served as executive editor for Tax Analysts; managing editor for Business Strategies, published by CCH; and senior editor for the Institute for Business Planning.

Mr. Windish is the author of Practical Guide to Real Estate Taxation, published by CCH and currently going into its sixth edition. Earlier works include Tax Advantaged Investments and Investor's Guide to Limited Partnerships, both published by the New York Institute of Finance. Through the Center for Video Education, he authored continuing education courses dealing with real estate and closely held corporations. Those courses included readings, case studies, and videotape segments.

Mr. Windish is a graduate of Rutgers University Law School and the New York University School of Law, Graduate Division. He has been heard as a guest speaker at professional meetings and seminars and on popular radio programs.

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