Feb
1
1:00 PM13:00

§199A Final Regulations - What are the Final Rules?

Time Zone is Eastern Standard Time (EST).

The Treasury Department has issued the long awaited final regulations implementing the 20% qualified business deduction found at §199A. These regulations give us the IRS’s take on how the provision will be applied. Getting up to speed on these revisions to the prior proposed regulations is crucial so advisers can serve their clients properly in the upcoming tax season.

Learning Objectives:

Participants will be able to:

  • Recognize businesses eligible for the Section 199A deduction and calculate the proper deduction

  • Understand the determination of whether a rental is or is not a trade or business for these purposes

  • Recognize businesses are that are specified service trades or businesses (SSTB)

  • Apply the rules for aggregating trades or businesses for §199A purposes.

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Jan
28
9:00 AM09:00

Get Ready, Get Set, Start Your Tax Season Right (Idaho Society of CPAs)

Time zone is Mountain Standard Time (MST).

The Tax Cuts and Jobs Act lead to the Most Sweeping Tax Reform in Over 30 Years and it is time to start dealing with those changes.

This webinar will summarize the most noteworthy changes for individual and corporations resulting from the new law. Join us for this high-level overview to ensure you are ready to start your tax season on the right foot and provide your clients the high-level of service you know you can!

As the first tax season under the Tax Cuts and Jobs Act gets underway, new guidance has been arriving in waves from the IRS. In this session, we’ll update you on what’s happening with the new guidance the IRS has brought out for provisions in the law as we get ready to prepare the first returns  This session will look at what official guidance the IRS has issued, as well as clues in publications and forms to help decipher the IRS’s views on application of the law. After this session you should be prepared not just to survive the upcoming tax season, but to help your clients thrive under the revised law.

Objectives

  • §199A issues, including status of real estate agents and brokers as specified service trades and businesses

  • Steps necessary to change a client’s accounting methods and which clients will be able to gain an advantage under the revised methods

  •  Dealing with the limitations on itemized deductions and the increased importance of the standard deduction

  • How the fringe benefit rules impact both for-profit businesses and tax-exempt organizations

  • Other guidance on TCJA topics issued by the IRS through the date of the session

Highlights

  • §199A - where the final regulations stand and information provided in the sections of Publication 535 regarding the deduction

  • Preparing for Forms 3115 to take advantage of the small business accounting method relief provisions

  • How the business interest deduction limitations may impact your clients via passthroughs

  • The status of the meals deduction and the parking lot tax


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Jan
25
9:00 AM09:00

§199A Deduction: How It Impacts 2018 Income Tax Returns (Idaho Society of CPAs)

Start time is for Mountain Standard Time (MST).

For the past several months we’ve had the text of the statute and the proposed regulations.  Now we have the final regulations which we will go over in this course. 

The filing season is upon us and shortly CPAs will begin the process of preparing actual returns claiming the benefit of the §199A deduction. This program will go over the status of the §199A regulations and other IRS guidance as we enter tax season to prepare participants for preparing 2018 returns containing this deduction. We will consider guidance issued up to the date of the program and apply it to the returns to be prepared in the near future.

Objectives

  • Recognize the types of income that will be treated as qualified business income for §199A

  • Explain the significance of the threshold amounts and why it is so important in computing the deduction

  • Understand the issues raised when attempting to determine if a rental is or is not a trade or business

  • Recognize specified service trades or businesses (SSTBs) and options for working them

  • Compute the applicable W-2 wages or W-2 wages/Unadjusted Basis Immediately After Acquisition (UBIA) of Qualified Property limit

  • Recognize potential issues in your tax software’s computation of the deduction

Highlights

  • Discuss the mechanical computations involved with the deduction including

    • Phase-out of SSTB income and phase-in of W2/UBIA limits

    • The taxable income limitation

    • Applying losses from one trade or business to the taxpayer’s other trades or businesses

  • Status of additional guidance that may come during or after tax season

  • Applying the rules to trusts and estates

  • Application of the special rules applicable to those receiving qualified payments from agricultural cooperatives


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Oct
11
to Oct 12

The 33rd Tax Witholding & Information Reporting Conference

  • Crowne Plaza, Times Square (map)
  • Google Calendar ICS

Join us for a two day conference this October that covers all of the key withholding and reporting regimes. Why attend?

  • You'll hear from industry peers and top practitioners on the best strategies to overcome some of the most challenging developments in the withholding tax and reporting area in over a decade.
  • Key government officials are invited to interact with the financial industry which allows both parties to hear each other's concerns and key issues.
  • Cutting edge topics will be addressed in depth – there is always something new!
  • Sessions focus on practical operational solutions not just on the tax technical rules and cutting edge issues.
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Oct
10
9:00 AM09:00

The 33rd Tax Witholding & Information Reporting Bootcamp

This bootcamp is a one-day intensive primer on the fundamentals of documentation, reporting and withholding rules relating to cross-border payments.

Through the use of flowcharts and case studies, this session will illustrate the purpose of the rules and make the rules easier to remember and comprehend. Examples of scenarios that will be covered are: 

  • An individual opens a bank account to collect payments made to his consulting company. What documentation is required, in the absence of valid documentation, and what withholding regime applies? Could FATCA be involved?
  • A foreign vendor provides goods, services, and intangible assets to a U.S. client. How are the various payments to be documented and reported? Could withholding apply to some but not all of the payments? Are expense reimbursements subject to reporting and possibly withholding? What would be the implications if an income tax treaty applied? What forms are used for reporting? Are any returns required by the withholding agent? Does FATCA apply? What happens if the vendor opens a bank account in the U.S.?
  • A foreign company makes investments underlying owners. Is FATCA implicated? If so, what is the interaction between FATCA and the nonresident alien withholding rules? If no documentation is provided, what are the presumption rules for determining whether FATCA, NRA reporting and withholding, or domestic withholding and reporting applies?
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Jun
7
to Jun 8

International Tax Withholding & Information Reporting Conference

  • Crowne Plaza Hotel, Times Square (map)
  • Google Calendar ICS

Join us for a two day conference this June that covers all of the key withholding and reporting regimes. Why attend?

  • You'll hear from industry peers and top practitioners on the best strategies to overcome some of the most challenging developments in the withholding tax and reporting area in over a decade.
  • Key government officials are invited to interact with the financial industry which allows both parties to hear each other's concerns and key issues.
  • Cutting edge topics will be addressed in depth – there is always something new!
  • Sessions focus on practical operational solutions not just on the tax technical rules and cutting edge issues.
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Jan
19
1:00 PM13:00

Live Webinar: Understanding the Effects of the New Tax Act (2018)

The Tax Cuts and Jobs Act (TCJA), enacted into law on December 22, 2017, is the most significant change to federal income taxes since the Tax Reform Act of 1986. Get your questions about the new act answered with a live webinar from the Loscalzo Institute and hosted by industry expert Edward Zollars, CPA.

After this live webinar, participants will understand:

  • The changes in tax rates applicable to all taxpayers under TCJA
  • How to calculate the applicable qualified business deduction available for passthrough entities
  • The impact on business taxpayers of the new depreciation and interest provisions
  • How to assist clients in preparing for the impact of TCJA

Recommended CPE Credit: 2 hours
Field of Study: Tax
Cost: $89.00

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Dec
22
11:00 AM11:00

Live Webinar: Understanding the Effects of the New Tax Act (2017)

DECEMBER 22, 2017 | 11:00 AM - 1:00 PM ET

The enactment of the new tax act has created new opportunities and challenges in tax practice, along with a flood of questions from clients about how this law will impact them. The new law will bring significant changes in tax practice, along with a flood of questions from clients about how this law will impact them.

Get the answers to the questions you and your clients have by attending this webinar, hosted by industry expert Edward Zollars, CPA.

Recommended CPE Credit: 2 hours
Field of Study: Tax
Cost: $89.00

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