Tax Strategies to Maximize Itemized Deductions LARS

Thursday, January 20 12:00pm - 4:00pm PST

(Check-In 11:30am PST)

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WSCPA Learning Center Room 1

902 140th Ave NE
Bellevue, WA 98005

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4.0 Credits

Member Price $158.00

Non-Member Price $183.00

Overview

LARS: Live Audience, Remote Speaker

How Can You Maximize Deductions under Tax Reform? Join experienced practitioner and instructor Greg White, CPA, for an in-depth look at how the Tax Cuts and Jobs Act of 2017 (TCJA) and CARES Act affects the deductions your clients are able to use on their tax returns. There have been many changes in this area and your clients are counting on you to make sure that they can get the best possible tax treatment on home mortgage interest, charitable deductions, and many others that are affected by the TCJA reforms.

Highlights

Standard deduction and personal exemptions. Planning for itemized deductions-playing the hand you’re dealt. Home mortgage interest limits. Transforming interest expense-planning to increase interest deductions. Debt-financed distributions. Property, income, and sales taxes. Charitable contributions. Miscellaneous itemized deductions. Suspension of unreimbursed employee expenses. Our fees. Gambling losses. State tax “work arounds.” QBID not itemized. 7.5% Medical. Personal casualty losses. Health Savings Accounts (“HSA’s”). Investment advisory fees. 2% Miscellaneous itemized. Investment advisory fees.

Prerequisites

None.

Designed For

CPAs EAs, tax professionals in public practice and tax staff in private practice who have some experience with federal tax issues and concepts.

Objectives

Identify how to maximize itemized deductions under the new Tax Cuts and Jobs Act. Recognize how donor-advised funds and qualifying charitable distributions can maximize deductible charitable contributions at a minimal cost. Recognize and apply case law and administrative guidance to increase the deduction for tax preparation fees. Identify deductible home mortgage interest deductibility, including the refinancing rules. Identify and apply tax regulations to derive benefit from investment advisory fees. Recognize and apply elections to increase the deduction for taxes on investment property.

Preparation

None.

Notice

LARS stands for Live Audience, Remote Speaker. We will serve lunch at these locations, but the instructor will be webcasting into the classroom

All attendees at this event will be required to show proof of COVID-19 vaccination or a negative COVID-19 test and to wear a mask. Masks will be available for those needing them. Please review our current COVID-19 Health and Safety Policies for more details.

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Leader(s):

Leaders

George Koutelieris

4.93 stars out of 5

“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

George Koutelieris, CPA, is a shareholder with the firm Johnson & Shute P.S. He subsequently received his Master’s in Taxation from Golden Gate University graduating with Highest Honors in 2010 and being awarded the Outstanding Graduate Tax Student Award for the Seattle campus of Golden Gate. He is currently an Adjunct Professor at Golden Gate University teaching various tax courses. George’s practice includes planning and consulting on complex transactions including formations, liquidations, mergers and acquisitions, purchase and sales, multi-state and international tax for closely held businesses and their owners. In addition, George provides compliance and representation services before the IRS and various state taxing agencies for clients. George is also an active speaker on various tax topics, having presented in the past for Golden Gate University, the Washington Society of Certified Public Accountants, and the Oregon Society of Certified Public Accountants. George Koutelieris and Greg White are available to teach in-house courses in tandem for company CPE needs.

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Gregory White

4.96 stars out of 5
“These 2 rock. [They are] prepared and knowledgeable.”
“George & Greg always do a great job! They are always super helpful.” - past attendees

Greg White, CPA, has practiced tax accounting for more than 35 years. He is founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, Washington, which serves a successful entrepreneurial client base. He also owns and operates State of the Art Tax, LLC, a tax education company. Greg is in his twelfth year as an Adjunct Professor at the Golden Gate University’s Seattle Campus. Greg is licensed to practice in and has argued cases before the U.S. Tax Court. He has been named a “Top 50” IRS Practitioner by CPA Magazine. Greg has extensively presented tax CPE, predominantly on the west coast, over the last decade and has written and presented live courses and webinars for CCH and others nationally. He has presented tax topics in the Pacific Northwest on TV including spots on KOMO TV and King TV.

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Non-Member Price $183.00

Member Price $158.00