Top Federal Tax Issues for 2019 CPE Course: Module 1
Author: Mark Luscombe, Annette Nellen, Jane Searing
| CPE Credit: |
6 hours for CPAs
6 hours Federal Tax Related for EAs and OTRPs
6 hours Federal Tax Law for CTEC |
CCH's Top Federal Tax Issues Course identifies those recent events that have developed into the current “hot†issues of the day. These tax issues have been selected as particularly relevant to tax practice in 2019. They have been selected not only because of their impact on return preparation during the 2019 tax season but also because of the important role they play in developing effective tax strategies for 2019 and beyond. This module provides an overview of the 2017 Tax Cuts and Jobs Act, and reviews its impact on self-employment tax and tax exempt organizations.
This course is excluded from the following subscription programs:
Value Pass, Self-Study Package, Webinar Package, Self-Study & Webinar Package, and Firm Package.
Publication Date: October 2018
Designed For
CPAs, Tax Professionals
Topics Covered
- Provisions of the final Tax Cuts and Jobs Act of 2017
- Individual and business tax changes covered under the new legislation
- Basics of the self-employment tax statute and regulations
- Types of taxpayers and activities subject to self-employment tax
- Relevance of SE in tax reform
- Impact of the TCJA on tax-exempt organizations
- Planning for implementing changes to the unrelated business income tax rule
Learning Objectives
- Recognize issues and status of guidance about the new tax law
- Identify possible planning ideas in response to the new act
- Recognize possibilities for additional tax legislation following enactment of the new tax law
- Identify when an individual is subject to self-employment tax
- Recognize self-employment issues in representative court cases
- Recognize the due diligence steps to avoid problems with self-employment tax
- Identify ways that the new law affects charitable giving
- Recognize how the new tax act affects not-for-profit organizations that have employees
- Recognize how Notice 2017-73 is applied to the quid pro quo values of items offered in charity fundraising activities
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (6 hours)
Program Prerequisites
Basic understanding of Federal tax law
Advance Preparation
None
