CPAR Taxes  |  Format: Flash

Before 2018 Returns Are Finalized: Latest Developments

Course Overview
As the final deadline approaches for filing extended 2018 returns, preparers are scrutinizing IRS guidance for clues as well as potential missteps. Edward Zollars, a partner of Thomas, Zollars & Lynch and lead tax discussion leader for Kaplan Financial Education, reports on how tax advisers are finalizing returns based on the Service's releases on qualifying as a specified service trade or business and on the deduction of state and local taxes.

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

  • Identify how FAQ from IRS changed the treatment of S corporation shareholder health insurance for purposes of the QBI deduction;
  • Explain how CT and WI are attempting to 'workaround' the $10,000 SALT cap for individual tax returns;
  • Distinguish how a traditional health reimbursement arrangement differs from an individual coverage HRA; and
  • Define how the Supreme Court's Wayfair decision changed the nexus rules for state sales taxes.

    Catalog Number: CPAR1411-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
     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: Sep 25, 2019 / Nov 08, 2020