Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
Join experienced practitioner and instructor Greg White, CPA, for an in-depth look at how the Tax Cuts and Jobs Act of 2017 (TCJA) and CARES Act affects the deductions your clients are able to use on their tax returns.
There have been many changes in this area and your clients are counting on you to make sure that they can get the best possible tax treatment on home mortgage interest, charitable deductions, and many others that are affected by the latest reforms.
Publication Date: February 2023
Designed For
CPAs EAs, tax professionals in public practice and tax staff in private practice who have some experience with federal tax issues and concepts.
Topics Covered
- Standard Deduction and Personal Exemptions
- Planning for Itemized Deductions-Playing the Hand You're Dealt
- Home Mortgage Interest Limits
- Transforming Interest Expense-Planning to Increase Interest Deductions
- Property/Income/Sales Taxes
- Charitable Contributions
- Miscellaneous Itemized Deductions
- Suspension of Unreimbursed Employee Exp.
- Tax Prep Fees
- Gambling Losses
- Health Savings Accounts (HSAs)
- Investment Advisory Fees
- 2% Misc. Itemized
- Investment Advisory Fees
Learning Objectives
- Identify how to maximize itemized deductions under the latest tax reforms
- Recognize how donor-advised funds and qualifying charitable distributions can maximize deductible charitable contributions at a minimal cost
- Recognize and apply case law and administrative guidance to increase the deduction for tax preparation fees
- Identify deductible home mortgage interest deductability, including the refinancing rules
- Identify and apply tax regulations to derive benefit from investment advisory fees
- Recognize and apply elections to increase the deduction for taxes on investment property
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
A basic understanding of federal taxation concepts and itemized deductions on individual income tax returns.
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.