2019 Tax Year in Review

Author: Barbara Weltman

This two-hour CPE hour course describes key changes to federal income tax provisions affecting the deductions and credits available to individual and business taxpayers under 2019 Tax Law changes. It explains major IRS regulations and initiatives launched during 2019, including the Secure Act. It also covers major court decisions impacting individuals and businesses.

Publication Date: April 2020

Topics Covered

• Secure Act and how it impacts retirement planning
• Administrative changes under the Secure Act
• The impact of the Secure Act on employers
• Changes from the Taxpayer First Act
• Changes to the ACA
• Tax extenders
• Special disaster relief
• TCJA fixes and implementation
• Key court decisions

Learning Objectives

• Describe primary provisions of the Secure Act
• Recognize the potential tax impacts related to IRA withdrawals by participants and beneficiaries under the Secure Act
• Identify Secure Act changes impacting employers
• Identify provisions that have been extended under the Secure Act
• Identify changes to rules for retirement planning accounts
• Describe changes from the Taxpayer First Act
• Identify technical corrections to TCJA
• Describe important cases handed down in 2019

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of Federal Tax Law impacting businesses and individuals

Advance Preparation
None