2019 Federal Tax Update for Individuals: Including Tax Cuts and Jobs Act Update (Full-Day Webinar) (Completed)

More than ever, this year promises to be one with lots of questions from your clients. How much has changed after the Tax Cuts and Jobs Act (TCJA)? What questions are not answered yet by the IRS?

CCH will guide you through the maze with this eight-hour CPE webinar taught by Greg White, CPA. This course will cover latest developments in individual taxation. This fast-paced program will highlight legal and regulatory developments as well as give you a head start on those 2018 returns that will include the changes from TCJA.

Partial credit will not be awarded for attendees that are not present for the entirety of the webinar.

Topics Covered

• Section 199A (QBID) applied rental real estate
  • When does a triple net lease qualify for the deduction?
  • What happens if your clients don't meet the new safe harbor?
• New legislation
  • What's Congress up to?
• New director's fees Tax Court case
  • Are director's fees subject to SE tax?
  • Can an "inside director" (i.e., someone who's also an employee of the company) set up their own pension plans for director's fees?
  • Related topic: Does this income qualify for the QBID?
• New requirement to disclose partner's negative capital accounts on Form 1065
  • If you missed disclosure, how long do you have to amend returns under the IRS's new "safe harbor"?
• §163(j) limitations
  • How do you fill out Form K-1 if the business entity is subject to the new restrictions?
• IRS is stepping up enforcement for employers who don't deposit withheld payroll taxes
  • Why is the IRS doing this?
  • How do you keep your clients out of harm's way?
• What tax issues does the IRS plan to address in the next year?

Learning Objectives

• Identify the important developments in individual taxation for 2019 that affect your clients
• Recognize and apply the new Section 199A final regulations to rental real estate, including the new real estate rental safe harbor
• Identify and apply important late-breaking final regulations and their effect on your clients
• Describe strategies to maximize the tax benefits your clients receive from their charitable contributions

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None