Individual Tax Update and Planning Strategies (ITXP)

Karen E. Davis, EA, Lance G. Weiss, CPA, CVA, Julie A. Welch, CPA, PFS, CFP, Michael J. Tucker, JD, CPA
  • 3
  • Update
  • Taxes

Individual course: $99
Best Value: All-Star Tax Season Pass
Volume Discounts: 
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The COVID-19 pandemic prompted Congress to enact substantial changes in individual tax rules for 2020. Many of these new changes apply only to 2020, and most are beneficial to taxpayers and constitute attempts to help COVID-19-impacted individual taxpayers get through this year with less financial distress. This program covers the new legislative changes impacting individuals for this year, reviews the Biden individual tax proposals, and analyzes individual tax planning opportunities for 2020. The program also covers the most important tax cases and IRS rulings impacting individual taxpayers.

Major Topics:

  • Tax planning environment for 2020 and after
  • The Biden individual tax proposals
  • New rules and planning strategies associated with IRAs and qualified plans
  • Waiver of required minimum distributions for 2020
  • Claiming pandemic losses under Section 165(i)
  • Section 127 plans
  • Health care coverage impacted by COVID-19
  • Tax issues and tax planning relating to homeowners during the pandemic
  • 2020 cases and rulings

Learning Objectives

  • Advise clients regarding individual tax changes taking effect in 2020
  • Discuss individual tax planning strategies that result from recent legislation

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




Varies by state. Check back soon for details