Year 2020 Tax Update
To be determined if live or virtual
This comprehensive federal Tax Update will cover all new tax legislation, including a comprehensive review of the changes made by the Tax Cuts and Jobs Act, Further Consolidated Appropriations Act, and Technical Corrections Act of 2020; and other new regulations, cases, and rulings in all areas of federal taxation through October 15, 2020.
Describe the options for distributions from qualified plans and IRAs and the effect on stretch IRAs.
Explain new developments that affect S corporations, LLCs, and partnerships.
Summarize the most recent tax accounting provisions, including the current status of the repair regulations.
Describe the latest changes affecting passive activity losses, including the rules that apply to real estate professionals.
Discuss the newly issued proposed regulations on the deductibility of entertainment expenses, business meals, travel meals, and meals related to an entertainment activity.
Discuss the deduction under 199A for qualified business income and how to calculate the deduction and the problems that have been encountered by tax return preparers, including defining a specified service business, safe harbor test of Rev. Proc. 2019-38, alternative options to Rev. Proc. 2019-38, self leasing rules, and aggregation rules.
Describe the latest developments on depreciation; bonus depreciation, 179 deduction, and the status of qualified improvement property.
Discuss the current status of the return preparer rules, e-filing requirements, and PTINs.
Describe the latest developments in IRS procedures and practices, including Circular 230.
Discuss the recent changes in the estate and gift tax rules.
Discuss recent developments in employment and self-employment tax.
Early Registration Member Fee
Applicable if you are a HSCPA member in good standing and register by November 20, 2020.
Applicable if you are a HSCPA member in good standing.
Early Registration Non-Member Fee
Applicable if you are not a HSCPA and register by November 20, 2020.
Applicable if you are not a HSCPA member.