Recent Tax Developments (July-August 2019)

Author: Barbara Weltman, Sidney Kess

CPE Credit:  1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC

This on-demand course will cover recent developments from the IRS, the courts, and other authorities. Individual and business tax updates will be covered as well as developments affecting retirement plans and IRAs. In addition, the course reviews key filing dates and other reminders not to be overlooked at this time of the year.

Publication Date: July 2019

Designed For
Tax practitioners

Topics Covered

  • Recent changes to Health Savings Account (HSA) contributions
  • Premium tax credit
  • Alternative marriage-year credit
  • Medicaid waiver payments
  • Tax treatment of coverage provided to a family member of a more-than-2% S corporation shareholder
  • Dollar limits for vehicles placed in service in 2019
  • 2019 maximum value of employer-provided vehicles
  • S-ESOPs
  • Self-employment tax
  • State tax credits for redevelopment
  • Safe harbor for trades of professional sports contracts
  • Compensation subject to Railroad Retirement Tax Act
  • Student loan debt
  • Opportunity Zone investments
  • IRS audit rates

Learning Objectives

  • List the dollar amounts for contributions/HDHPs for Health Savings Accounts in 2020
  • Discuss the different dollar amounts that apply for vehicles in 2019
  • Explain what constitutes "dispositions" ending temporary deferral for reinvestments in Opportunity Zones

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Basic understanding of Federal Tax Law

Advance Preparation
None

Registration Options
Quantity
Fees
Regular Fee $45

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