Surgent's Individual Income Tax Update (Self-Study)

Code: JSDLBIT4

Date Valid for one year from purchase date
Format Self-Study (Downloadable PDF)
CPE credits CPE 4.0
Specialty
credits
4.0 IRS CE approved
Field(s)
of study
Taxes - Technical (4.0)
Fees
Standard member fee $65.00
checkmarkStandard nonmember fee $65.00

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Description

This highly informative course will bring you up-to-speed on the latest in individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs -- especially after the tax reform changes.

Who should take this program?

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients

Major subjects

  • New loss limitation rules applicable to NOLs and the ability to offset income
  • Reformed child tax credit
  • Revised home mortgage interest deduction
  • Treatment of state and local taxes
  • Repeal of itemized deductions previously subject to 2% AGI floor
  • Survival of individual AMT with increased exemptions
  • Reduction to 7.5% floor for medical itemized deductions in 2017 and 2018 only
  • IRA recharacterization limits
  • Monumental changes to the treatment of alimony for both payor and payee
  • New rules on entertainment expenses, including meals
  • Coverage of the emerging flagship item of tax reform, section 199A and its alteration of pass-through taxation and planning
  • Relevant state domicile issues which are quickly becoming a new source of practitioner profit
  • Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more
  • The latest issues related to any other late-breaking tax law changes

Learning objective(s)

  • Understand strategies and tactics to use in light of tax reform
  • Understand how to nail down valuable deductions and other reductions to the tax base

Notes:

Course code Code JSDLBIT4
Sponsor Surgent
NASBA ID#: 103212
Level Update
Format Self-Study (Downloadable PDF)
Prerequisites Prereq. Experience in individual tax planning
Advance
prep
None