2019 Estate & Financial Planning Quarterly Update (Currently Unavailable)

Author: Steven G. Siegel

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Law Updates for EAs and OTRPs
2 hours Federal Tax Updates for CTEC

The 2019 Filing Season – What Has Changed Since 2018?

Much has changed in taxes in the past year. The areas of estate and financial planning have seen changes as well because of the Tax Cuts and Jobs Act of 2017. Expert presenter and practitioner Steven Siegel, J.D., LL.M., will review the many changes in income, gift and estate tax rules that became effective in 2018 with emphasis on the changes that will affect the 2018 tax returns being filed in 2019. This course is a must-attend for all who advise clients are estate tax and financial planning issues.

New Forms will be filed for 2018 reporting; many deductions were lost; new deductions were created; tax rates changed and many taxpayers will see significant differences in their reporting from their 2017 returns to their 2018 returns.

Publication Date: April 2019

Designed For
All CPAs, EAs, and tax professionals who advise clients on estate and financial planning issues.

Topics Covered

  • Estimated Tax Payment Relief
  • IRS Address Changes for Return Filings
  • The PTIN Fee May Be Back
  • Increased Preparer Regulation May be Coming
  • Tighter Security for Issuance of EIN Numbers
  • Importance of Notifying the IRS of an Address Change
  • Developments for Individuals and Estates
  • New Alimony Rules Take Effect in 2019
  • Property Transfers in Divorce
  • Personal Injury Settlement Payments
  • Hobby Activity vs. Business Activity —More at Stake
  • Federal Collection Statute of Limitations Trumps State Statute
  • IRA Payable to an Estate May Be Transferred to Inherited IRAs for its Beneficiaries
  • The Importance of Income Tax Basis Planning
  • Consider Generation‐Skipping Planning Opportunities
  • Qualified Small Business Stock (QSBS)
  • Political Risk —Time to Start Planning?
  • Qualified Business Income Planning Opportunities

Learning Objectives

  • Recognize critical estate and financial planning tax changes with clients
  • Identify when and how to file 2019 returns reflecting changes from Tax Cuts and Jobs Act of 2017
  • Recognize the safe harbor threshold percentage for the current year tax liability
  • Identify key tax court cases and how they apply to your client
  • Recognize when the IRS changed the EIN application process to provide greater security
  • Recognize when alimony is not deductible by the payer and not includible in income by the payee
  • Differentiate which Code section providing payments for personal physical injuries or physical sickness are excluded from income
  • Describe Qualified Small Business Stock and how it applies to taxpayers
  • Recognize ineligible entities for the QBI deduction
  • Identify the threshold for the Qualified Business Income Deduction


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of estate taxation and financial planning concepts.

Advance Preparation

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