CPAR Taxes

CPAR - 2019/October, Seg.03 - Tax Law Changes - What You Need To Know

Course Overview
Earlier this year, we reported to you that the IRS lowered the underpayment penalty threshold from 90% to 80%. The idea: this would help those taxpayers who didn't have enough tax withheld from their paychecks in 2018 or who didn't pay enough in estimated taxes last year. And this one time penalty relief offering made sense: too many taxpayers didn't adjust their 2018 withholding or estimated payments to reflect – or, to properly reflect – the various tax law changes made by the Tax Cuts and Jobs Act. Barbara Weltman, the president of Big Ideas for Small Business, provides our viewers with an update on the changes in the law and what caused many taxpayers to unexpectedly come up short on their annual payments.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the IRS changes for 2018 estimated taxes paid, amounts withheld and safe harbor rules;
  • Determine medical costs that are paid out of pocket and itemize in order to take the medical expense deduction;
  • Define the required minimum distribution rules; and
  • Identify the two tests needed to be met, under IRC Sec. 469, to be considered real estate professionals.

Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

SmartPros Ltd. is a leader in online and offline continuing education for accounting, finance and engineering professionals. With over 2,000 hours of content, SmartPros has been providing mandatory continuing education products since 1981. SmartPros provides services and content to its professional and corporate clients, in a variety of media including Web, CD-ROM, and video. In the accounting market, SmartPros also has a predominant news and information portal which receives 200,000+ visits per month and provides services to over 100,000 subscribers. SmartPros' customers include 50% of the Fortune 500, as well as the major firms and associations in each of its professional markets.


Price (USD)

Standard: $69.90


Course Code : CPAR1417-FM

Release Date : 10/29/2019
Expire Date : 12/10/2020
Credits :
CPE 2.00
QAS 2.00

Length : 1hr 40min
Course Level : Update
Course Type : Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

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