2019 Annual Tax Season Update

Overview

Each year, various limits affecting income tax return preparation and tax planning are affected by inflation-related changes. In addition, the Tax Cuts and Jobs Act of 2017 will significantly affect tax planning and may also affect taxpayers’ income tax liability. This course will examine many of those changes.

This course discusses new tax law and recent updates for the 2019 filing season, provides a general tax review, and examines important rules governing tax return preparer ethics, practices and procedures.


Learning Objectives

Upon completion of this course, a tax return preparer should be able to:
  • identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017
  • apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns
  • calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain health care coverage
  • recognize the federal income tax filing statuses and the criteria for their use
  • identify the types of income that must be recognized
  • apply the tax rules to the various credits and adjustments to income that are available to taxpayers
  • recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns
  • identify the duties and restrictions imposed on tax preparers under Circular 230

Revised: June 2018

Designed For

CPAs, EAs, and other tax-preparers and planners who wish to update their knowledge so that it is consistent with rules and limits in effect for the 2020 tax year

Prerequisites

Basic understanding of federal tax law concepts
WebCE® is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
Find Courses Now