Top Federal Tax Issues for 2019 CPE Course: Module 4
Author: Steven G. Siegel
| CPE Credit: |
4 hours for CPAs
4 hours Federal Tax Related for EAs and OTRPs
4 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 reviews the impact of tax reform on financial and estate planning.
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
- Transfers subject to the gift tax and those that are not
- Significantly enhanced lifetime exclusions from the gift tax
- Generation-skipping transfer tax exclusions and recent enhancements
- Gift-splitting by spouses
- Available gift tax deductions
- Valuation of gifts
- Avoiding gift treatment by using disclaimers
- Portability and the gift tax
- 2017 Tax Cuts and Jobs Act provisions for financial and estate planning
- Gift tax planning and impact
- Estate planning and impact
- A New Emphasis in Planning
- Core Dispositive Planning
- Checklist of Areas Where Estate Planning Is Still Required
- Portability Must be Addressed by Every Married Person
- 'Simple' Wills Are More Likely to be Favored Now-Is That the Right Call?
- Income Tax Planning-The New Essential Planning Focus
- Special Planning Concerns Where Trusts Are Used
- What Should be Done with Life Insurance and Retirement Plan Benefits
- Tax Cuts and Jobs Act: Impact on Financial and Estate Planning
Learning Objectives
- Recognize the types of transfers and donors are subject to the gift tax
- Identify how to plan for exclusions for annual and lifetime gifts
- Recognize reporting requirements when gift amounts exceed the annual exclusion
- Recognize how existing assets are affected by and should transition to terms of the new law
- Identify ways the law opens favorable opportunities for taxpayers subject to transfer taxes
- Recognize how planners and wealthier clients can use financial and estate planning tools to minimize tax liabilities in the post-tax cuts environment
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (4 hours)
Program Prerequisites
Basic understanding of Federal tax law
Advance Preparation
None
