Tax Planning Under Tax Cuts & Job Act - 10 Tips to Reduce Taxes for your Clients (Latest 2020) 2 Credits 2 Credits
Learning mode
The Tax Cuts and Jobs Act is the biggest change to the tax law in over 30 years. With so many big changes, its easy to lose track of what has changed and what has not. Pandemic has further enhance that problem.
We will cover overview of every major change for individuals and businesses.
The biggest change to the law was the inclusion of a new 20% of qualified business income under IRC 199A. This new deduction has a lot of possibilities to save taxpayers thousands of dollars on their taxes. However, Congress has also made it easier for the IRS to assess penalties against practitioners and taxpayers, so it is extremely vital to get a great understanding of the deduction. The deduction uses taxable income, qualified business income, the qualified unadjusted basis of assets, and qualified wages. Each item has unique definitions that are not readily apparent. Their where many other changes in Tax Cuts and Jobs Act
In this webinar, we shall also highlight 10 Tips that you can use and give to your client and help them in reducing their tax liability. This latest webinar is updated after the pandemic, covering the latest updates.
| License details | Credits | Status |
|---|---|---|
| Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Enrolled Agents (EA) | 2 CE | Approved |
| Annual Filing Season Program (AFSP) | 2 CE | Approved |
| California Registered Tax Preparers (CRTP) | 2 CE | Approved |
| Personal Financial Specialist (PFS) | 2 CPD | Eligible |
| Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. 00521-21) | 2 CE | Approved |
| Certified Wealth Strategist (CWS) | 2 CE | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 2 CE | Eligible |
| Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. 00521-21) | 2 CE | Approved |
| Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
| License details | Credits | Status |
|---|---|---|
| Certified Public Accountants (CPA-US) | 2 CPE | Approved |
| Enrolled Agents (EA) | 2 CE | Approved |
| Annual Filing Season Program (AFSP) | 2 CE | Approved |
| California Registered Tax Preparers (CRTP) | 2 CE | Approved |
| Personal Financial Specialist (PFS) | 2 CPD | Eligible |
| Federal Tax Related Matters for Oregon Registered Tax Preparers (ORTP) (Approval No. 00521-21) | 2 CE | Approved |
| Certified Wealth Strategist (CWS) | 2 CE | Eligible |
| Certified Fiduciary and Investment Risk Specialist (CFIRS) | 2 CE | Eligible |
| Certified Valuation Analyst (CVA) | 2 CPE | Eligible |
| Federal Tax Related Matters for Maryland Tax Preparer (MRTP) (Approval No. 00521-21) | 2 CE | Approved |
| Certified Business Appraiser (CBA)/Master Certified Business Appraiser (MCBA) | 2 CPE | Eligible |
Credits
2
Course Level
Basic
Instructional Method
QAS Self Study
Group Internet Based
Pre-requisites
None
Advance Preparation
None
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties and Circular 230 Enforcement, published by Thomson Reuters. Nicholas has been recognized as the Top 5 Under 35 CPAs in Virginia, and is a member of the AICPA’s Tax Executive Committee. Nicholas is an adjunct professor at the University of Mary Washington. He is a graduate of Carthage College, University of Connecticut (M.S. in Accounting), Case Western Reserve University School of Law (J.D.), and Georgetown University (LLM in Taxation).
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How do I earn credits through live webinars?
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How are credits reported to governing bodies?
We issue instant credit certificates, ensuring they are valid for presentation to governing bodies. Typically, we report IRS, CTEC, CFP, IDFP, IWI, VBOA Ethics credits within 7 days – the fastest in the industry.
SS
The shared stories and personal experience of the instructor are super helpful and insightful.
EC
Well done.
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.webp "Annual Federal Tax Update - Individuals (Form 1040)")
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