Preparing for Busy Season: A Tax Practitioner’s Guide (Full-Day Webinar) (Completed)

Date: Thursday, October 17, 2019
Instructor: Greg White
Begin Time:  7:00am Pacific Time
8:00am Mountain Time
9:00am Central Time
10:00am Eastern Time
CPE Credit:  8 hours for CPAs
8 hours Federal Tax Related for EAs and OTRPs
8 hours Federal Tax Law for CTEC

Don’t go into busy season after tax reform without taking this course first!

Learn about tax law changes, new IRS forms, the IRS’s latest guidance on computer security for tax professionals, and much more. We'll cover the latest cases and administrative guidance, with a special focus on regulations and other guidance covering the Tax Cuts and Jobs Act. Prepared and presented by tax expert and tax educator, Greg White, will cover the final regulations issued under Section 199A. We’ll also cover just released final regulations on bonus depreciation.

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

This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.

Who Should Attend
Enrolled Agent's, tax professionals, and CPAs in industry and public accounting.

Topics Covered

  • SE tax for LLC members — the IRS has given new advice to its auditors. What you need to know
  • Final bonus depreciation regulations are out. What do you really need to know?
  • New IRS forms — 1099-NEC, 1040-SR, 8995, and more
  • When does rental real estate qualify for the QBID?
  • Qualified opportunity funds
  • Section 163(j) business interest limits, including completing Form 8990 and reporting information to partners on Form K-1
  • Planning ideas to the reduce the impact of the new interest limitation rules
  • The IRS is "turning up the heat" on virtual currencies. How this will affect your practice
  • What to do if your client receives a delinquent tax notice that threatens to revoke their passport
  • What advice should you give clients who call about qualified opportunity funds?
  • What TCJA issues does the IRS expect to audit?
  • What new case address real estate professionals?
  • What should you be discussing regarding reasonable compensation with your S corporation clients (that most of us are overlooking)
  • Should you be taking the QBID on rental real estate
  • IRS underpayment waivers — do you need to amend client's returns?
  • New tax act ("Taxpayer First Act")
  • Negative tax basis capital accounts -- A short cut to reporting
  • IRS tax preparer computer security issues
  • What issue are you legally required to address?

Learning Objectives

  • Identify and apply the new Section 199A final regulations to rental real estate, including the new real estate rental safe harbor
  • Identify and apply critical changes to Form 1040
  • Recognize which clients are affected by the major changes made by Tax Cuts and Jobs Act, and planning ideas
  • Identify and develop planning techniques to help your clients save money
  • Identify the important developments in taxation for 2019 that affect your clients
  • 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


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (8 hours)

Program Prerequisites

Advance Preparation

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