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16 Credits

Price: $409

General experience with individual tax preparation

Course Description

Individual Tax Highlights

  • 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 Highlights

  • 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


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

Sep 9, 2019
General experience with individual tax preparation

Compliance Information

IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-U-01467-19-O
IRS Federal Tax Update Credits: 4
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-1350
CTEC Federal Tax Update Credits: 4
Qualifies for CA Fraud: No

Learning Objectives

Individual Tax Learning Objectives

  • Upon successful completion of this course, participants will be able to:
  • Discuss individual tax reform developments . 
  • Enumerate planning ideas for individual tax reform . 
  • Convey details of the Affordable Care Act (ACA) and current developments in 'Repeal and Replace.' 
  • Accurately prepare returns for individual taxpayers. 

Business Tax Learning Objectives

  • Upon successful completion of this course, participants will be able to:
  • Discuss business tax reform developments.
  • Enumerate planning ideas for business tax reform.
  • Convey details of the Affordable Care Act (ACA) 'employer mandate.'
  • Accurately prepare returns for business taxpayers.
  • Understand and apply the various rules and regulations on the QBI deduction.
  • Identify tax issues and apply regulations related to real estate as a qualified business for the QBI deduction.
  • Identify considerations for selection an entity after enactment of the QBI deduction.
  • Apply the many other business tax changes applicable for 2019 returns (these will be updated throughout the year)

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