2018-2019

FEDERAL TAX UPDATE

Be Ready for the 2018-2019 Tax Season

Get the most comprehensive, informative federal tax update in the industry with Western CPE’s Federal Tax Update. Led by renowned tax experts, Vern Hoven and Sharon Kreider, our tax update seminars, live webcasts, on-demand video, and self-study CPE options provide you with the insight and information you need, in formats that meet the demands of your already-full schedule. Included with your course is a high-tech, comprehensive tax manual, hyperlinked to the Internal Revenue Code. It will be your go-to resource for the entire tax season.


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Very thorough and comprehensive presentation of complex tax issues for individuals. Highlights were on point, relevant and of current interest. Not a single minute was wasted.

Gloria S. CPA, MBA

 

What You'll Learn in Our Federal Tax Update

 

Individual Tax highlights

  • What are the 50 most important individual Tax Cuts and Jobs Act 2018 changes?
  • Learn over 50 new individual tax planning ideas after tax reform!
  • Will each of your clients pay more, or less, taxes after tax reform?
  • Know how kiddie tax increases equal 10 times more tax in 2018. And most trust administrators have no idea!
  • Does your client know how the increase in standard deduction will impact their tax return?
  • When will the loss of personal exemptions increase your client’s taxes?
  • Will the family tax credit make up for the loss of the personal exemptions?
  • Will the limit on the SALT deduction mean fewer of your clients will itemize?
  • When will the changes to the mortgage interest deduction hurt homeowners?
  • What happens when homeowners refinance acquisition debt after Dec. 15, 2017?
  • What do homeowners do after the repeal of the home equity debt?
  • When is it still possible to deduct interest on borrowing from one’s home equity?
  • How will your clients avoid the loss of his or her unreimbursed employee business expenses (Form 2106)? Help your client prepare an action plan!
  • Who else loses with the loss of the 2% miscellaneous itemized deductions?
  • When will AMT affect your clients?
  • How does the change to tax-free exchanges affect your clients? Cost seg. studies are more important now! Learn why.
  • Are investors hurt by tax reform? Not with proper planning!
  • Are retirees hurt by tax reform? Probably.
  • Are real estate rentals helped by tax reform? Some are!
  • What do your divorcing clients, and divorce attorneys, do now that alimony isn’t deductible or taxable for 2019?
  • Learn the latest updates on ACA and “Repeal and Replace” developments!
  • How will the 20% capital gains tax +3.8% NII tax issues impact your clients?
  • What are the latest charity audit issues?
  • What are the credit rule changes?
  • Is FBAR and FATCA reporting still important? You bet!
  • What are the latest tax issues for online rentals?
  • How does the IRS clarification on who is and isn’t a real estate professional impact your clients?
  • What are the latest estate and gift thresholds? Is estate planning still necessary? 

Business Tax HIGHLIGHTS 

  • What are the 50 most important business Tax Cuts and Jobs Act 2018 changes?
  • Learn over 50 new business tax planning ideas after tax reform!
  • Find answers to your client’s questions on the new 20% Qualified Business Income deduction.
  • Do you know who benefits, and who doesn’t benefit, from the 20% QBI deduction?
  • Understand how the three QBI deduction limitations work!
  • What is the best entity for your client to choose after the 20% QBI deduction?
  • Is the sole proprietorship the right choice for some clients?
  • Is an LLC better than an S corporation?
  • When is the S corporation the right choice when the QBI deduction is considered?
  • Will converting to a closely-held C corporation reduce taxes? Most likely not!
  • How does the §179 expensing deduction and 100% bonus depreciation change business purchases! Which is better?
  • When does a new roof qualify for expensing?
  • Our clients must separate entertainment expenses from business meals now! Why?
  • How did luxury car depreciation limits change. Great news for many!
  • How has the NOL deduction been limited?
  • Can business losses be too big to use? Tragically, yes!
  • Does the new family leave credit benefit individuals? Businesses? Yes, to both.
  • Did accounting methods change for my clients?
  • Learn the latest ACA “Repeal and Replace” developments and how these proposals impact large and small businesses.
  • Know the impact of marijuana taxation as states legalize its sale.
  • Identity scams hitting employers.
  • How will the IRS budget allocations to new law implementation affect your clients and you?
  • What are the top 10 most litigated tax issues? Is your client a target?
  • Know the impact of employee misclassification.
  • What is corporate reasonable compensation and what is new?
  • What are the tax issues for the “sharing economy”?

Tax Update Manual Included!

Receive a fully-linked, dynamic, PDF copy of our 2018-2019 Federal Tax Update Manual, when you purchase any Federal Tax Update course. This easy-to-use resource will support your success, not just in the course, but throughout the tax season.

 

Stay Current When Tax Updates Happen

Stay Current When Changes Happen with our up-to-date insights and information to help you and your clients. Available FREE of charge.

 

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