Individual Tax Update and Planning Strategies (IDVU)

Michael J. Tucker, CPA, LL.M., Jeffrey Jacobs, Esq., Lance G. Weiss, CPA, CVA, Julie A. Welch, CPA, CFP
  • 3
  • Update
  • Taxes
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Individual course: $89
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Overview

The Tax Cuts and Jobs Act has created a new planning environment for individual taxpayers. This program covers tax law changes and IRS pronouncements relating to individuals for 2019, as well as tax planning strategies for individual taxpayers to consider adopting for 2019 and later years. Topics of discussion will include using alternative minimum tax credits, maximizing charitable contribution deductions, and toggling between the standard deduction and itemized deductions.

Major Topics:

    • Taxation of virtual currency
    • Taxation of family members employed by other family members
    • Changes and potential changes in rules relating to who is an employee
    • 2019 IRS rulings and case law developments relating to Required Minimum Distributions
    • Developments relating to the $10,000 limitation of state and local taxes
    • Supreme Court's Kaestner decision relating to state income taxation of trust income
    • New types of Health Reimbursement arrangements starting in 2020
    • IRS rules relating to disaster losses
    • IRS penalty letters to large employers not offering required health insurance to employees
    • When making a qualified charitable distribution (QCD) makes sense for 2019
    • Should taxpayers gift property to children and/or older relatives
    • Maximizing the benefits of using ABLE accounts and 529 plans for 2019
    • How property ownership impacts the FAFSA
    • Separation agreements, divorce decrees and antenuptial agreements after TCJA changes

Learning Objectives

  • Advise clients regarding individual tax planning changes taking place in 2019
  • Understand individual tax planning strategies resulting from Tax Cuts and Jobs Act

Tax practitioners who anticipate advising individual clients regarding tax changes and tax planning strategies

A basic understanding of the tax rules relating to individual income tax

None

Yes

Yes

Varies by state. Click here for details