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Tuesday, December 4, 2018 Live

Individual Income Taxation: Critical Tax Compliance and Planning Strategies (E1812431)

8:30 AM - 4:30 PM EST

Registration: 8:00 AM EST

NJCPA Education Center

425 Eagle Rock Avenue,
Roseland , NJ 07068

8 CPE Credits in TX

OVERVIEW

This course provides participants up-to-date information on critical tax issues, giving them an outstanding foundation in the federal tax arena for individuals. Let us help you sort through the maze of tax compliance and tax planning strategies to make sure you are taking advantage of present opportunities and preparing for the future. It is critical that you ensure your clients receive the most current tax planning and tax-saving strategies for their tax plans. Join us for this face-paced, real-world session and make yourself look like a hero in your client’s eyes. Course materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law.

DESIGNED FOR

CPAs working with clients or employers requiring up-to-date expertise in individual income taxation for the current tax season.

BENEFITS

  • Determine the filing status and interpret the filing requirements for individual taxpayers
  • Determine gross income inclusions and exclusions around dividends and interest
  • Differentiate the taxability of deferred income, Social Security benefits, and other taxable income
  • Apply the specific rules for the deductibility of travel and entertainment expenses as they relate to business or rental transactions in preparing income tax returns
  • Recognize Education related expenses and the rules for Health Savings Accounts
  • Distinguish between standard and itemized deductions including medical expenses, interest, taxes, charitable contributions, theft losses, and miscellaneous deductions
  • Gather the necessary information required to include tax credits on an individual tax return
  • Recognize when the Medicare Payroll Tax will impact an individual
  • Identify the applicability of the Medicare tax on Net Investment Income

HIGHLIGHTS

  • Filing requirements and personal exemptions
  • Gross income inclusions, exclusions, and adjustments
  • Travel and entertainment
  • Standard and itemized deductions
  • Tax and tax credits
  • 0.9% Medicare Payroll Tax
  • 3.8% Net Investment Income Tax
  • Income exclusions
  • Hot tax planning strategies for individuals and small businesses
  • Roth IRA, IRA and retirement plan options

COURSE LEVEL

Intermediate

PREREQUISITES

Knowledge of individual income taxation and Form 1040 preparation.

ADVANCE PREPARATION

None

ADDITIONAL NOTES

  • *AICPA members deduct an additional $30 from applicable price.

Course materials are distributed electronically and we’ve passed the savings along to you - registrants save $20 on all 8-hour seminar pricing. To access the materials visit My Events. Download to your laptop or tablet prior to the seminar, handouts are added as received.

INSTRUCTOR

Adnan Islam

Adnan Islam, CPA, J.D., M.B.A., LL.M., CGMA

International Tax Director

Adnan Islam, Partner International Tax Services Co-practice Leader Blockchain/Digital Asset Transactions Leader West New York, NJ

Adnan Islam is a global business advisor, a licensed tax attorney, and a CPA with an MBA and LL.M. in taxation (NYU Law). He is the Co-Practice Leader for International Tax Services and the Blockchain / Cryptocurrency Leader for Friedman LLP.

Adnan Islam is an international tax attorney admitted to practice law in New Jersey, DC, and California, a CGMA, and a Certified Public Accountant (NY & CA). He holds a Juris Doctor (J.D.) and an M.B.A. from Rutgers University; and an LL.M. in Taxation from the New York University School of Law. He has previously worked within the International Tax Services and M&A tax groups at other Big 6 Firms. He frequently lectures at various platforms, including National firm trainings, TEI, and as an Adjunct Professor at Golden Gate University's Master's program.

Adnan is an International Tax Director and leads the international tax practice at RSM US LLP’s Los Angeles office. He has worked primarily within the Outbound and Inbound sectors on corporate and alternative investment fund clients regarding: subpart F income issues; outbound and inbound transactions; research and analysis on optimal global finance and holding company jurisdictions; FATCA (Chapter 4); Withholding taxes (Chapter 3) and income tax Treaty analysis; U.S. real estate dispositions by foreign persons; coordination with foreign partners and Technical Branches of the IRS / Treasury; cross-border reorganizations including mergers, acquisitions, and liquidations; debt vs. equity analysis; permanent establishment and ETB/ECI issues; check-the-box planning; transfer pricing; technical review of Forms 5471, 8858, and 8865; and drafted 9100 (and PLR) relief rulings for IRS submission. Adnan has extensive experience managing international tax analyses with various jurisdictions including: Canada, UK, France, Netherlands, Luxembourg, Belgium, Australia, China, Hong Kong, India, Singapore, Cyprus, Germany, Ireland, and Mexico.

Mr. Islam is a member of the AICPA, American Bar Association, and Los Angeles County Bar Association. Tax Executives Institute, ACG Los Angeles, and ProVisors. He is the author of various publications with AICPA.

PRICING

$379.00 - Nonmember

$279.00 - Member

AICPA members receive a discount of $30 for this event.

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

American Institute of CPAs

AREAS OF INTEREST