20SR-0017: Tax Advisers Update: Individual, Compensation and IRS Developments (Virtual)

If you have questions about this event, please call us at 952-831-2707.

Friday, December 11, 2020
8:30am - 12:00pm Central Time
4 CPE (4 technical)  |  4 CFP  |  3.3 CLE  |  4 IRS CE

Bundle and save!

Want to attend both parts of the Tax Advisers Update? Register for the bundle event to save.

Recent tax developments and legislative changes affect this season’s return filings and influence the planning landscape. Learn how to handle the latest tax legislation affecting your individual clients, including the impact of all the coronavirus-related bills. Learn about the latest IRS guidance and come away with tax planning strategies for your individual clients.

Major subjects

• IRS and case law developments affecting Schedule A items
• Examples of the latest guidance affecting the calculation of the Section 199A deduction
• IRS challenges to charitable contribution deductions
• Various gross income exclusion opportunities
• New IRS campaigns to identify examination issues
• Changes made to investing in opportunity zones in the final regulations
• Changes with retirement planning brought on by the Setting Every Community Up for Retirement Enhancement (SECURE) Act
• Self-employment tax updates

Learning objective(s)

• Explore the interaction between economic impact payments and the 2020 recovery rebate credit
• Identify kiddie tax refund opportunities
• Grasp the ordering rules for deducting 2020 charitable contributions after the Coronavirus Aid, Relief and Economic Security (CARES) Act
• Determine the proper timing for claiming bad debt and theft loss deductions
• Identify alternatives to the stretch individual retirement account (IRA)
• Discern the changes to required minimum distributions (RMDs) due to the SECURE Act and CARES Act
• Evaluate penalties for failures and how to establish reasonable cause
• Explain the final rules for preparer tax identification number (PTIN) fees

Who should take this program?

CPAs and tax advisers who have individual clients

Fees