Recent Tax Developments (March-April 2019) (Currently Unavailable)

Author: Barbara Weltman, Sidney Kess

This on-demand course, developed by noted tax authorities Sidney Kess and Barbara Weltman, provides you with an overview of recent tax developments and highlights planning tips and techniques to help you in your practice. This course will cover recent developments from the IRS, the courts, and other authorities. It will also cover key filing dates and other reminders not to be overlooked at this time of the year.

Publication Date: March 2019

Designed For
Tax practitioners

Topics Covered

• Relief from underpayment penalties that will help some individual taxpayers
• Revocable or irrevocable trust
• Durable Power of Attorney
• Living Wills
• Health Care Power of Attorney
• Life insurance
• Long-term care facilities costs
• Cost of in-home care
• Centralized partnership audit regime
• Tax cases impacting the marijuana businesses
• Aid to farmers impacted by trade war
• Elimination of employer deduction for transportation fringe benefits
• New deferral rule under Code Sec. 83(i) for stock options and restricted stock units (RSUs)
• Guidance on the excess business loss limitation
• Section 179 deduction
• Unadjusted Basis Immediately after Acquisition (UBIA)
• Methods for calculating W-2 wages
• Safe harbor rules for real estate activities
• Qualified business income deduction (QBID), including the new regulations
• Signing a tax return on behalf of a spouse
• Federal tax credits available to taxpayers who purchase an electric vehicle
• Relief from underpayment penalties that will help some individual taxpayers

Learning Objectives

• Discuss relief for individuals from estimated tax underpayments
• Explain the safe harbor for real estate activities under the QBI deduction
• List the conditions for qualified equity grants

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (1 hour)

Program Prerequisites
Understand of federal tax law.

Advance Preparation
None