Taxes  |  Format: Flash

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.
    Catalog Number: 99WIN15
    CPE Credits: 4 Registry / 4 QAS
    Author: Paul J. Winn CLU ChFC
    Advanced Preparation:
    Course Level: Basic
    Field of Study: Taxes
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-Study
    Minimum Passing Grade: 70%
    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
     Windows or Mac OS
    Release/Expiration Dates: Oct 19, 2018 / Oct 19, 2020