CPAR Taxes  |  Format: Flash

How Do You Incorporate TCJA into Your Client Advice?

Course Overview
Once again, the IRS continues to grapple with the pressure of issuing guidance on the recently enacted tax code provisions, including the deduction of state and local taxes as well as the section 199A deduction. Beside updates on recent initiatives from the Service, regular expert commentator Barbara Weltman reviews the latest developments from the courts that you should keep in mind in providing year-end income tax planning for your clients.

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

  • Distinguish between the IRS advice, and the state-enacted workarounds, for deducting state and local taxes in 2018;
  • Identify why individuals may be under-withheld for 2018 and why that could be troublesome to their preparers;
  • Define which eligible terminated S corporations may utilize the new automatic consent; and
  • Explain why it is necessary to have an "exemption amount" when exemptions are no longer allowed.

    Catalog Number: CPAR1363-FM
    CPE Credits: 2 Registry / 2 QAS
    Author: CPA Report
    Advanced Preparation:
    Work experience in tax planning or tax compliance, or an introductory course in taxation
    Course Level: Update
    Field of Study: Taxes
    Content Partner: CPA Reports Online
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
      You are allowed 2 attempts to pass the final exam in a 30 day period. You will be locked out of the final for 30 days after any second failure.
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 9 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Sound card with speakers/headphones
     Windows or Mac OS
    Release/Expiration Dates: Dec 19, 2018 / Jan 29, 2020