Federal Tax Update Individuals & Businesses, Including the Latest Guidance on the TCJA


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This program was recorded live on Tuesday, January 15, 2019

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-0128
IRS/RPO Approved Program
#7ZBUJ-U-00070-19-O (Online/Group) Live (Group-Internet Based)
#7ZBUJ-U-00070-19-S (QAS Self Study) Archive
Federal Tax Law Update (3 Hours)

For this 3 credit program you need to have 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 2018 tax year, including any enacted or proposed tax reform. Panelists will provide updates on the start of the current filing season and the implementation of the provisions of the Tax Cut and Jobs Act. Panelists will also 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 2018 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 2018 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 2019 standard mileage rate.
  3. Identify the year in which the penalty for the individual mandate will be eliminated.
  4. Identify the highest percent of taxable income that can be taken out of a net operating loss.

Program Outline

  • Individual Returns
    • Inflation adjustments
    • Changes to Forms and Schedules
    • New IRS guidance affecting 2018 returns
    • Anticipated problems
  • 2018 Legislation Affecting Individuals
    • Deductions
      • Extension of expiring provisions
    • Tax credits
      • Extension of expiring provisions
    • Exclusions from income
    • Return filing
      • Form 1040SR
      • Estate basis reporting
    • Last minute legislation
  • Business Returns
    • Inflation adjustments
    • Changes to Forms and Schedules
    • New IRS guidance affecting 2018 returns
    • Anticipated problems
  • 2018 Legislation Affecting Businesses
    • Deductions
      • Extension of expiring provisions
    • Tax credits
      • Extension of expiring provisions
    • Partnership audit rules
    • 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.

Industry Panelists

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.

 

Jake Johnstun

Jake Johnstun, EA, NTPI Fellow
Integrated Tax

Jake has been in the Tax & Accounting industry since 1994. He specializes in small business tax and consulting. As an Enrolled Agent, he can represent taxpayers in all 50 states. Jake is a Fellow of the National Tax Practitioner's Institute. Jake is also licensed to sell / discuss Securities. He is the current president of the Great West Society of Enrolled Agents. He is also an Alumni of Weber State University.

 

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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