Tax planning is more than an estimated tax calculation - it's a process. Where are we now and what can we change? This timely program will highlight significant 2018-19 tax legislation and Tax Cuts and Jobs Act developments, as well as discuss key tax planning ideas for your clients as you prepare for the upcoming tax season.
Practitioners and members in industry seeking a general tax update and/or wishing to review key tax topics for planning and preparing client returns.
- Define the "hot issues" facing tax practitioners in planning for client returns.
- Apply key concepts to special client situations.
- Review recent legislation and developments.
Recent tax legislation, including Tax Cuts and Jobs Act developments.New Section 199A deduction and new corporate tax rate.
Tax provision and 2019 provisions.
Medicare tax on high income wages and SE income.
Timing income and deductions.
Alternative Minimum Tax (AMT) issues.
Reconsidering choice of entity.
Basic working knowledge of tax return preparation.