Self-Study
41
Update
Taxes
Basic tax knowledge.

Choose a format

Hard Copy

$431

Online Access

$392


Course Description

The individual tax session takes an in-depth look at the individual tax return plus real estate and passive losses, IRAs and pensions, and gift and estate issues. During the business tax session, you'll learn everything you need to know for business, corporate and LLC taxes. Tax experts Sharon Kreider and Karen Brosi will compare and contrast federal and California tax issues, while answering your critical questions. Presentations also cover recommendations on ways to advise your clients in light of recent changes, and how to file accurately on their behalf. 



Instructors

Sharon Kreider, CPA

Sharon Kreider, CPA, has helped more than 15,000 California tax preparers annually get ready for tax season. She also presents regularly for the AICPA, the California Society of Enrolled Agents, CCH Audio, and Western CPE. You’ll benefit from the detailed, hands-on tax knowledge Sharon will share with you—knowledge she gained through her extremely busy, high-income tax practice in Silicon Valley. With her dynamic presentation style, Sharon will demystify complex individual and business tax legislation. She’s a national lecturer for business and professional groups and consistently receives outstanding evaluations. In 2014, she was awarded the prestigious AICPA 2014 Sidney Kess Award for Excellence in Continuing Education.

Karen Brosi, CFP, EA

Karen Brosi, CFP, EA, has an extensive California tax practice, advising clients in individual tax and family wealth planning, specializing in complex individual income tax matters and all types of securities transactions. Her background as a CFP and as a tax preparer for the wealthy makes her particularly effective in the tax and financial planning arenas. Karen teaches tax professionals how to avoid tax minefields with her extensive planning checklists and practical tips.

Besides being one of the most prominent California tax update instructors, she’s a favorite interviewee on radio, television, and in print media, such as Bloomberg Businessweek. Karen’s powerful real-life presentations pinpoint critical federal and state tax areas, teaching tax professionals what they need to know to optimally assist their clients. Karen was the recipient of the California CPA Education Foundation 2012-2013 Outstanding Webcast Instructor award.



Course Specifics

Taxes
Jan 3, 2020
Basic tax knowledge.
SS8192632
786
None


Compliance Information

103220
IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-U-01474-20-S
IRS Federal Tax Update Credits: 41
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1369
CTEC Federal Tax Update Credits: 34
CTEC State Credit: 7
Qualifies for CA Fraud: No


Learning Objectives

Individual Tax


  • Updates on the latest individual tax reform developments
  • Planning ideas regarding individual tax reform
  • Updates on ACA and 'Repeal and Replace' developments
  • 20% capital gains tax +3.8% NII tax issues
  • Mortgage interest deductions cases and rulings
  • Charity audit issues including the RERI Holdings decision
  • Refundable and nonrefundable credit rule changes
  • Kiddie tax issues and proposed legislation news
  • FBAR and FATCA reporting
  • IRA issues including SECURE legislation news
  • Tax issues for online rentals
  • IRS clarification on who is and isn't a real estate professional
  • Estate and gift planning ideas updated
  • Trust tax updated including the Kaestner decision
  • A bipartisan IRS bill, Taxpayer First Act (HR3151)
  • 2019 Form 1040. Farewell to the 'postcard”
  • Forms 8995 and 8985-A required for QBI deduction claims in 2019
  • Virtual Currency Transactions - IRS Soft Notice Letters 6173, 6174, 6174-A

Business Tax


  • Updates on the latest business tax reform developments
  • Planning ideas and examples implementing business tax reform
  • Changes to depreciation and update on technical corrections to QIP
  • Review of several 2019 clarifications to the QBI deduction including new 2019 Forms 8995 and 8995-A
  • Details on the aggregation election on the individual return and the RPE
  • Changes to the information required on the RPE's return regarding QBI
  • Factors for classifying a real estate rental as a 'business” for the QBI deduction
  • Updates on payroll tax issues including the new Form 1099-NEC
  • News on hot audit targets for S corporations and LLCs
  • Reminders on the streamlined audit provisions for partnerships and LLCs
  • Decision making on choice of entity after the QBI deduction
  • Review of the section 163(j) rules on interest deductions
  • Updates on ACA and its 'employer mandate” including the Cadillac tax
  • Plus what the IRS is planning for 2019 business return examinations


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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