2018/2017 Easy Update & Inflation Adjustments
Field of Study:
This mini-course examines key individual, business, retirement, and estate tax provisions recently enacted or indexed for inflation in an overview format that is easy to reference. The emphasis is on quick access to major tax changes having special meaning to the tax practitioner and return preparer. The course is a great resource and way for professionals and staff alike to easily get the “big chunks” and bring their professional knowledge up to speed.
After completing this course, you should be able to:
- Recognize a client's potential use of the S corporation format and its tax advantages and disadvantages by:
- Recognize the various issues affected by inflation and recent tax law developments especially as they relate to individual tax brackets, ex-emptions & deductions, the AMT, the child tax credit, alimony, HSAs, education plans and energy credits.
- Determine the key business tax issues affected by inflation adjustments and recent legislative changes, including corporate tax rates, en-tertainment expenses, tax credits & deductions, bonus depreciation, expensing, standard mileage rates, employment taxation, repatriation of foreign income, small business stock, partnership taxation and ex-cessive compensation.
- Specify differences between various retirement plans, including inflation-adjusted contribution limits and phaseout limits, and deter-mine estate taxes by identifying trust income tax rates and determining applicable exclusion amounts.
Recommended CPE credits:
General understanding of federal income taxation.
Type of delivery method:
Final examination expiration date:
The program participant will have one year from the date of purchase to complete the course and final examination.
Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.