The Most Awaited Tax Event of the Year!
2017 Federal Income Tax Update
Preparing for 2018 and Beyond!
By: Arthur Werner

Date: November 16 – 17, 2017
Keep Up with Tax Updates for 2017 and 2018!

Video Snippet: 2017 Federal Income Tax Update
Tax practitioners must update their knowledge of individual income taxation in these uncertain times. President Trump, in his speech in August, set out several changes he envisions for the federal tax code. There is also uncertainty about the Affordable Care Act (ACA) and the tax implications that may arise from any continued healthcare reforms. Join this event with taxation attorney Arthur Werner, who will provide an update and instructions to increase tax practitioners’ knowledge of IRS Form 1040 for the 2017 tax season. Arthur will thoroughly review and help you solve Form 1040 complexities, and he’ll address tax legislation passed in late 2017. This event will discuss a range of other important topics that could impact your clients.
Agenda
Day 1
Date: Thursday, November 16, 2017
Time: 1:00 pm ET – 5:00 pm ET | Duration: 4 Hours
Session 1: What’s New and What’s Hot

This session will discuss hot topics for the remainder of 2017, along with what to expect for 2018, including any new legislation, as well as provide a perspective on the legislative impact on various areas of the Form 1040. This session will include an updated understanding of Internal Revenue Code sections as well as case law.

Session Highlights:
  • Review of new tax legislation for 2017 and potential tax legislation for 2018
  • 2017 rate structure and COLAs
  • Specific tax issues that will have the greatest impact on your clients
  • FBAR and FATCA issues
  • Affordable Care Act (“Obamacare”) issues and healthcare reform issues
  • Where we are, and where we are headed
Session 2: Status Issues

This session will provide an understanding of filing status issues in 2017. You will get an understanding of dependency issues, marriage/divorce issues, and death of a taxpayer issues. Arthur will provide a significant explanation of foreign income reporting issues.

Session Highlights:
  • Uniform definition of a child
  • Filing status issues
  • Dependent issues
  • Exemptions and phase-outs
  • Divorce and separation issues
  • Alimony and support issues
  • Property settlement issues
  • Death of a taxpayer
Day 2
Date: Friday, November 17, 2017
Time: 1:00 pm ET – 5:00 pm ET | Duration: 4 Hours
Session 3: Income and Deductions

This session will cover income and deduction issues for 2017. This session will include general income and deduction discussion as well as specific discussion of charitable issues, state and local income tax issues, interest deduction issues, and audit flag areas.

Session Highlights
  • Interest and dividend issues
  • Cancellation of debt
  • Co-owned property
  • Non-resident and resident status
  • Standard deduction
  • Phase-out of itemized deductions
  • Medical expense issues
  • Sales tax
  • Interest deduction and qualified debt
  • Charitable deductions
Session 4: Retirement Plans and IRAs / Tax Credits / AMT

This session will provide an understanding of qualified plan issues, IRA issues, tax credits, and Alternative Minimum Tax (AMT) issues. Arthur will provide specific guidance with regard to early withdrawal penalties as well as exemptions to these penalties. This session will cover AMT calculations and strategies to avoid the AMT. You will also learn about the 2017 funding limitations.

Session Highlights
  • Individual retirement plan issues
  • Qualified plan issues
  • Funding and contribution rules and COLAs
  • Required minimum distributions in 2017
  • Alternative Minimum Tax issues
  • Various tax credits for 2017
  • Alimony and support issues
Who Will Benefit
  • CPAs
  • EAs
Faculty
Arthur Joseph Werner
Arthur Joseph Werner, JD, MS (Taxation), received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. His lecture topic specialties extensively include the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants, Enrolled Agents, Attorneys, Insurance Agents, and Financial Planners, and has presented well in excess of 2500 eight-hour seminars over the past 25 years as well as numerous webinars and video presentations.

Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants. He was also awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
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Disclaimer: The 2017 Federal Tax Update is a stand-alone event and is not included in the Unlimited CPE Package.