Critical New Laws: New Washington State Capital Gains Tax and New Long-Term Care Premiums Payroll Tax WEBINAR

Tuesday, May 25 2:00pm - 4:00pm PDT

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2.0 Credits

Member Price $100.00

Non-Member Price $120.00

Overview

The legislature had passed two critical laws affecting taxation. The first is the new Washington state capital gains tax. The Seattle Times recently published an article by a UW law professor who opined that the law was likely constitutional. If you haven’t already begun fielding questions from clients, you might expect them soon.  We’ll cover crucial topics, e.g., what exemptions are available from the new capital gains tax (including the real estate exemption and the family-owned business exemption), how married couples are taxed, when tax returns will be due, and when the tax must be paid. 


Clients who wish to avoid the long-term care payroll tax must act soon. We’ll cover how you can avoid this tax, and as importantly whether clients should pursue an exemption, or instead pay the tax. 

Highlights

  • The new Washington capital gains tax
    • Exemptions
      • Sale of real estate
      • Sale of an interest in an entity that owns real estate.
      • Sale of qualified family-owned business
    • Which type of taxpayers are subject to the tax.
    • When the return must be filed and when the tax must be paid.How the “standard deduction” under the new tax works
    • Penalties for late filing and late payment of tax.
  • The new long-term care payroll tax
    • Tax rate
    • Maximum tax
    • What long-term care insurance will exempt clients from the payroll tax.
    • Coverage under the new state-funded long-term care for nonresidents.

Prerequisites

None.

Designed For

CPAs and tax practitioners.

Objectives

  1. Identify exemptions under the new Washington capital gains tax.
  2. Identify the filing date and payment date for the new tax.
  3. Calculate the new “standard deduction” available for the Washington capital gains tax.
  4. Identify clients who are good candidates for avoid the new long-term care insurance tax. Also, which clients are better off paying the tax.

Preparation

None.

Leader(s):

Leaders

George Koutelieris

4.90 stars out of 5 - speaker rating for 2019 for George Koutelieris and Gregory White

“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

4.90 stars out of 5 - speaker rating for 2019 for Gregory White and George Koutelieris
“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 a founder, shareholder, and President of CPA firm WGN, P.S. in Seattle, which serves a successful entrepreneurial client base. Greg is in his 10th year as an Adjunct Professor at the Golden Gate University’s Seattle Campus where he has taught Taxation of Property, Tax Accounting and Individual Taxation. 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 $120.00

Member Price $100.00