Federal Tax Updates

Get Ready for Tax Season When It Works for You

Using real life experiences with valuable materials, this Self-Study CPE opportunity will help you quickly understand recent tax changes and be prepared to file on behalf of your client’s best interests. You'll receive the most complete and up-to-date reference manual, written by renowned tax experts, Vern Hoven and Sharon Kreider. The digital PDF manual is hyperlinked to the Internal Revenue Code and other primary authorities, making it a resource not just during the course, but all year long.

Online

Get immediate access to the 2018-2019 Federal Tax Update learning and reference materials, allowing you to dive deep into the information you need. 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.

Hard Copy

You’ll receive a bound notebook of all the course materials for the 2018-2019 Federal Tax Update, 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.

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 8995-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

MEET OUR EXPERT

Vern Hoven, CPA, MT, is one of America’s premier tax presenters and speaks to over 100 groups a year on a variety of tax topics. He teaches at Western CPE Federal Tax Update seminars and conferences and also produces self-study and webcasts courses. Vern consistently receives outstanding evaluations and has won numerous teaching awards.

Vern is the author of the best-selling Real Estate Investor’s Tax Guide and a favorite interviewee on radio, television, and in newspapers. Vern practiced in the public, governmental, and corporate accounting fields before starting his own public accounting practice in 1973, a firm that grew to one of the largest in western Montana. In 1985, he started his present tax consulting practice. CPA Magazine recognized Vern as one of the top 50 IRS representation practitioners in 2008.