Top Federal Tax Issues for 2020 (Currently Unavailable)

This course offers eight CPE hours and reviews the accounting method and taxpayer deduction changes outlined in the Tax Cuts and Jobs Act of 2017, as well as real estate and property tax strategies. "Hot" tax issues have been selected as particularly relevant to tax practice in 2020 because of their impact on return preparation during the 2020 tax season and also because of the important role they play in developing effective tax strategies for 2020 and beyond. This module provides strategies for using depreciation to achieve the best tax results on real estate and property used in business, reviews the accounting method changes for small business taxpayers under the Tax Cuts and Jobs Act of 2017 (TCJA), and discusses how the TCJA affects the deductions taxpayers are able to use on their tax returns.

CCH's Top Federal Tax Issues Course identifies those recent events that have developed into the current “hot” issues of the day. These tax issues have been selected as particularly relevant to tax practice in 2020. They have been selected not only because of their impact on return preparation during the 2020 tax season but also because of the important role they play in developing effective tax strategies for 2020 and beyond. This module gives a detailed overview of the final Code Sec. 199A regulations for the qualified business income deduction (QBID), discusses the business advantages and disadvantages of different types of business entities, addresses common tax issues in the sale of nonpublic companies and other closely held businesses, and discusses reasonable compensation.