8.0 Credits

Review current year developments and planning ideas affecting individual, corporate and business income taxation using a combination of humor and examples. Discuss new tax legislation, as well as other significant tax developments that affect 2019 tax return preparation and 2019-20 tax planning for individuals, corporations, and non-corporate businesses.


Review major developments in federal income taxation for individuals, corporations and other businesses having the greatest impact on participants, clients and companies. The course will emphasize the most recent developments and planning ideas regarding the "Tax Cuts and Jobs Act." This course includes a 200+ page reference manual. The seminar is designed to update participants concerning the 2019 tax developments emphasizing practical solutions to problems and tax planning opportunities.

Major Topics

Due to major changes under the Tax Cuts and Jobs Act (TCJA), the 2019 tax season was one of the most challenging in recent memory. But those changes did not end with the 2019 tax season. IRS continues to release significant guidance on many of TCJA's key provisions. The seminar will review the latest developments and guidance on critically-important TCJA provisions, such as the: final §199A 20% deduction regulations which are binding for 2019; 100% §168(k) depreciation deduction; expanded §179 deduction; limitation on business interest expenses; deductibility of business meals; accounting method changes for small businesses; individual excess loss provisions; dis-allowance of miscellaneous itemized deductions; modifications to home mortgage interest deduction; and more!

This seminar will also provide a review of any other significant 2019 legislation, as well as new tax cases, rulings and regulations expected to have the most significant impact on individuals in businesses, including the new centralized partnership audit rules (CPAR). The presentation will emphasize tax planning opportunities resulting from these recent developments.

The course material also includes:

  • A checklist of developments first effective in 2019.
  • A checklist of expiring and/or recently expired tax provisions.
  • A detailed planning section for businesses and individuals emphasizing planning with 2019 developments.
  • Selected new or modified Federal Tax forms for 2019.

Designed For

The course format is designed to update CPAs with various levels of experience.


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