Tax Advisor's Update WEBCAST

Monday, January 25 8:00am - 4:00pm PST

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8 Credits

Member Price $269.00

Non-Member Price $369.00

Overview

It's the marquee tax education event of the year! Written by tax professionals for tax professionals, this year's Tax Advisors Update will clarify elements of the Tax Cuts and Jobs Act (TCJA) for 2021. At this one-of-a-kind seminar you'll come away with a better understanding of the TCJA and the additional guidance we have received since last year. Plus, you'll discover smart efficiencies to make busy season less hectic, and catch other regulatory and technical changes that occurred during the past year. This course will also provide thorough reference material with examples, practice aids, and tax tables to refer to during busy season. The Tax Advisors Update writing and presentation team is comprised of seasoned tax professionals who are active tax practitioners in public accounting. Attending the Tax Advisors Update allows the attendee to leverage from these experiences. Topics are selected based on their relevance to small and middle market accounting practices and their clients. Don't miss this tax update!

This course is approved for Enrolled Agent (EA) credit

Highlights

Key federal tax developments, including the latest information on pending federal tax legislation. Review of IRS pronouncements, treasury regulations, and court cases. Practical planning tips and illustrations based on a practitioner’s actual examples. Important estate and gift, tax-exempt, payroll tax, and other federal developments.

Prerequisites

A working knowledge of federal taxation.

Objectives

Advise individuals and businesses on tax reform prospects. Get the latest on the pending federal tax reform legislation. Congress is working on significant revisions to rates, a narrowing of itemized deductions, and other significant changes. Learn techniques that can be implemented if rate cuts are imminent. Utilize new planning strategies Identify when a 20-year Charitable Remainder Trust can be used to minimize a liquidating S corporation’s BIG tax. Learn how a court case has sanctioned the back-door Roth technique, and which clients might apply the Boston Bruins’ 100% meal deduction to temporary business locations. Defend from IRS attacks on passive losses, hobby losses and other deductions. The IRS continues to scrutinize passive loss issues, and the courts are busy dealing with hobby loss assertions and charitable conservation easements defects. As in the past, missing a single detail in the onerous charitable contribution deduction rules may leave your clients writing an unplanned check to the IRS. Review the rules and come away with tips to help your clients preserve their deductions. Catch up on the numerous court cases and regulations affecting individuals and businesses. The Tax Advisors Update author team has poured through the tax cases and rulings over the past year, with an eye to identifying developments that will provide practical planning opportunities or hone defensive strategies. Apply new HRA relief for small employers, identify relief opportunities for late portability elections and learn from court guidance on when LLC members may be subject to SE tax. Get updated on regulatory guidance on the upcoming partnership audit regime and the new IRS fast track settlements for SBSE cases. Breathe easier by knowing vital tax insights and useful tips. Learn about late-breaking federal tax developments, potential legislative changes and critical planning opportunities you need to know for the coming tax season and long-term planning. Plus, come away with a helpful manual for future reference that emphasizes the practical aspects of the most recent federal tax changes.

Preparation

None

Notice

This event features reduced virtual-event pricing. Find all events with virtual-event pricing here. For additional discounts, view our Value Programs

Leader(s):

Leaders

Christopher Hesse

4.90 stars out of 5 - speaker rating for 2019

“[Chris Hesse] knows the information and provides useful resources.” - past attendee

Mr. Hesse is a principal in the National Tax Office of CliftonLarsonAllen LLP (CLA) focusing on domestic federal income tax issues. He has 40 years of tax experience in public accounting and more than 35 years of speaking and training experience. His career includes extensive writing and analysis services, instructing at numerous seminars and conferences throughout the country, and testifying before Congressional and legislative committees on tax policy matters, including farm income averaging, the Alternative Minimum Tax on deferred payment contracts, and the Washington estate tax. Mr. Hesse currently serves as the chair of the AICPA Tax Executive Committee. He is a former chair of the AICPA S corporation technical resource panel and former member of the AICPA Accounting Methods and Periods technical resource panel. He is also on the AICPA National Tax Conference planning committee, instructing breakout sessions on Section 199A and other developments from the Tax Cuts and Jobs Act. Chris is an author and instructor of CLA’s Tax Advisors Update, an annual compilation of court cases, rulings and other authorities created by practitioners for practitioners. In addition, Mr. Hesse is an author and instructor of CLA’s Farm Tax Seminar, providing guidance on the unique accounting methods and planning opportunities available for agricultural producers.

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Non-Member Price $369.00

Member Price $269.00