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Please see "How to Obtain Course Material" document under additional information. IRS update -- • New and Revised 2019 Tax Forms: What Practitioners Should Know
• Final 2020 W-4: Effectively Using the New W-4 for Accurate Employee Withholding
• IRS New Withholding Estimator: When and How it May be Effective for Fine-Tuning Certain Clients’ Withholding
• Qualified Business Income Deduction (IRC 199A): What is New for 2019: IRS Forms 8995 & 8995-A and anticipated IRS Compliance of Accurate 199A Reporting
• Form 8867: Required IRS Due Diligence for Applicable Clients
• IRS Transcripts: Redacted Transcripts; How to Obtain Unredacted Wage & Income Statements when needed for non-filers; Delivery Methods of Transcripts Under New Procedures
• Effectively Using Practitioner Priority Service
• Avoiding Processing Delays at IRS CAF Unit for Client for Forms 2848 (POA) and Forms 8821(Taxpayer Information Authorizations) incorrectly or incompletely prepared; Practitioner Credential Requirements to Use Form 2848
• EIN Applications: “Responsible Person” Reporting Requirements Under Revised Procedures
• Tax Professionals Data Security Requirements: What IRS Has Seen in the Past Year
• New Voluntary IP-PIN “Opt In” Provisions for PA & NJ residents who have NOT been Victims of Tax-Related Identity Theft
• Opportunity Zones Final Regulations: What has Changed from Proposed Regs
• IRS “First Time Abate” Administrative Relief Procedures for FTF, FTP, FTD Penalties
• New IRS Virtual Currency Guidance
• Early Look at IRS Implementation of the Taxpayer First Act -- Richard Furlong, Tax research using the internet (live) -- Dermot O’Neill, plus Tullio Falini re pa inheritance tax rev-1500 programs, Business valuations -- when they are needed, practitioner awareness vs. Involvement, FMV vs. Book value, accrual basis valuation vs. Cash basis being used for tax reporting (this presentation will be a discussion of these issues, not a "how to do" business valuations technical session.) -- Dermot O’Neill Overview of preparing simple 1041's & pa-41's for estates & trusts, including 645 elections for revocable trusts combined with estate fiduciary income tax returns -- George Marion Potpourri of topics by George Marion, Frank Haarlander, and David L. Zalles:
Avoiding 10% early distribution penalty -- special tax saving options before 59 1/2 -- NUA& SEPP 72-t, 401-k vs. Ira, codes & explanations -- David L. Zalles EITC (earned income tax credit) issues -- due diligence & documentation, disability & optional se, etc. -- George Marion Cancellation of debt liability & taxability (especially at death) for situations with separate accounts, joint accounts, kids or parents accounts, etc. -- George Marion US saving bonds options at death -- income tax & estate valuation issues -- a case study -- David L. Zalles 2848 POA & 8821 differences, timing issues (re: signing, stale, etc.), withdrawal/revocation, etc. -- Frank Haarlander & David L. Zalles Form 8606 -- David L. Zalles The "secure act", if this proposed legislation is passed. -- David L. Zalles Other topics may be added when the program is finalized.
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