Top Federal Tax Issues for 2018 CPE Course: Module 1 (Currently Unavailable)
Author: Annette Nellen, Steven G. Siegel, James R. Hamill, Sidney Kess, Barbara Weltman
| CPE Credit: |
9 hours for CPAs
9 hours Federal Tax Law for CTEC
9 hours Federal Tax Related for EAs and OTRPs |
Updated to reflect TCJA.
CCH's Top Federal Tax Issues Course is a concise exploration of hot, new tax developments. It focuses on the latest and most important topics for tax practitioners, and provides the basic information needed to implement a plan that addresses the particular opportunities and pitfalls presented by any one of these issues.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: March 2018
Designed For
CPAs, Tax Professionals
Topics Covered
- Sale of a Principal Residence
- Income Taxation of Trusts and Estates
- When Your Client Dies: Final Form 1040, Post-Death Elections and More
- Proving Material Participation for the Passive Loss Rules
- Sharing Economy: Tax Issues for the Gig Economy
Learning Objectives
- Recognize how to apply the gain exclusion rule of Section 121
- Identify recent developments for the principal residence gain rules
- Identify policy considerations and IRS guidance for the rules
- Identify basic tax issues for trusts and estates
- Recognize the types of trusts
- Identify the income reportable by fiduciaries and deductions available to them
- Recognize ways in which distributions in the year of termination are managed
- Identify information required to file a decedent's final Form 1040
- Recognize proper management techniques for handling income in respect of a decedent
- Recognize elections to make postmortem to maximize estate or trust funds inherited by a client's beneficiaries
- Identify how regulatory tests of material participation aim to curb abuse of business loss claims
- Recognize the guidance principles the IRS provides for audits under the antiabuse rules
- Identify ways taxpayers can plan to prove material participation in their business activities
- Identify where to report income and expenses earned in the gig economy
- Recognize how self-employment tax affects gig economy earnings
- Identify the limitations on deducting rental losses
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (9 hours)
Program Prerequisites
Basic understanding of Federal tax law
Advance Preparation
None
