Overview
Stay on top of the changes in tax law with this course covering all of the essential developments impacting individual and business tax returns during the upcoming filing season. Some changes commonly occur each year as a result of inflation indexing, while others occur because of new legislation or the sunsetting of existing law.
This course will examine the tax changes that took effect as a result of passage of the TCJA and the inflation-changed limits effective for 2019 that are more significant from the perspective of an income tax preparer. Some context will be supplied, as appropriate, to assist readers in understanding the changes. In addition to these customary annual changes affecting various limits, certain other tax changes brought about by the TCJA will be discussed.
Learning Objectives
Students who successfully complete this course will be able to:
- identify how the code changes affect tax planning for individuals and businesses
- distinguish the latest tax law changes affecting the various tax credits
- identify the 2019 changes affecting various retirement accounts such as HSAs, IRAs and Roth IRAs
- recognize the impact of the Tax Cuts and Job Act for tax preparation
Designed for
CPAs, EAs, and other tax-preparers and planners who wish to update their 2017 TCJA knowledge so that it is consistent with rules and limits in effect for the 2019 tax year
Prerequisites
Basic understanding of federal tax law concepts
Tax Year
2019