Individual Tax Series

2019 Annual Tax Season Update (for 2018 Tax Filings): Part 1

Course 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.

The Annual Tax Filing Season Update course, Part 1 and Part 2, 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.

PLEASE NOTE that this course is offered for CPE credit and NOT for IRS Certification.



Learning Objectives:

After completing this course, the course participant should be able to:
  • Identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017.
  • Determine how to 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 healthcare coverage.
  • Recognize the federal income tax filing statuses and the criteria for their use.
  • Recognize the Act's impact on the tax treatment of alimony, taxpayer moving expenses and Roth recharacterization rules.
  • Identify the Kiddie Tax modifications, the changes to the AMT and the §529 plan changes.
  • Recognize the factors considered in the pass-through deduction for a qualified trade or business and the changes affecting ABLE accounts.
  • Identify the changes affecting the discharge of student loan indebtedness and net operating losses.
  • Identify those items included in a taxpayer's taxable earnings.


  • Prerequisites/Advanced Preparation:

    None

    Speaker / Author:

    Paul J. Winn CLU ChFC

    Education
    B.A. (Philosophy), St. John's University (1961 – 1964) Law School, University of Virginia (1964 – 1965) MBA program Binghamton University (1986-1989)
    CLU (1985)
    ChFC (1987)

    Experience
    Thirty years in the life insurance and investment industry (1965 – 1995). Nineteen years as a financial writer, editor and trainer (1995 – 2014).

    Mutual Life Insurance Company of New York
    Product developer
    Compensation officer
    Agent
    Sales manager

    Security Mutual Life Insurance Company
    General agent
    Marketing vice president
    Agency vice president
    Vice president - strategic planning officer

    Principal Financial Group
    Agency Manager

    Maryland Financial Corporation
    President

    Freelance Writer & Editor
    Published book author.
    Writer & editor of major mutual life insurance company’s agent training university. Creator of more than 200 insurance, securities and tax training courses in online, print and scripted classroom formats.

    Insurance Industry Involvement
    Member, Board of Directors, Baltimore Chapter of CLU & ChFC
    Chairman of Continuing Education, Baltimore Chapter of CLU & ChFC
    Moderator, GAMA Agency Managers Training Course (AMTC) Baltimore
    Member, Board of Directors, Southern Tier (NY) Chapter of CLU & ChFC
    President, Southern Tier (NY) Chapter of CLU & ChFC 1987-1989
    Member/Secretary, Advisory Board to New York State Insurance Department 1985-1989

    Price (USD)

    Standard: $99.80

    Details

    Course Code : 99WIN15

    Length : 3hr 20min
    Course Level : Basic
    Course Type : Self-Study
    Passing Grade : 70%
    Format Type : eLearning
    Mobile Compatible
    Field Of Study : Taxes

    Theme : Individual Tax Series

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