The Most Awaited Tax Event of the Year!
Federal Income Tax Update for the 2018 Tax Season
Faculty: Arthur Werner
Live Webinar | Date: October 25 to 26, 2018
Duration: 8 Hours (4 Hours/day) | Time: 1:00 pm ET | 12:00 pm CT | 11:00 am MT
Learn Everything You Need to Know about the Redesigned Form 1040

Video Snippet: Federal Income Tax Update for the 2018 Tax Season

 

IRS Form 1040 will look and feel different this coming tax season thanks to the Tax Cuts and Jobs Act of 2017. There are new requirements, sections, and definitions—as well as oodles of provisions for Section 199A, exemptions, divorce, property settlement, and tax credits. With 2018 rapidly coming to a close, tax preparers need to know Form 1040 inside out, in a hurry.

This highly-detailed two-day webinar from tax specialist Arthur Werner is just what you need to fully acquaint yourself with the redesigned Form 1040—as well as to face the issues and questions your clients are bound to have about their income taxes this year. This webinar, comprised of four two-hour sessions, is specifically designed for CPAs and enrolled agents and constitutes eight CPE hour credits.

You will walk away from this program with a comprehensive understanding of the new tax legislation, the legislative impact on various areas of the Form 1040, Internal Revenue Code sections, and applicable case law. You’ll know Form 1040 details and definitions, such as for property settlement issues, income, and deductions—and you’ll be able to recognize audit flag areas.

Forms will be available in a few short months. Now is the time to update your knowledge of individual income taxation.

Session Highlights:

This two-day program will cover:

Agenda
 

Part-1

October 25 at 1:00pm ET (240 minutes)
Session 1: What’s New and What’s Hot
 

Objective: Participants will gain an understanding of what is new for the 2018 tax season. The session will cover new legislation, the legislative impact on IRS Form 1040, and an updated understanding of Internal Revenue Code sections and case law.


Session Highlights:
  • Review of new tax legislation for 2018 and potential tax legislation for 2019
  • Specific tax issues that will have the greatest impact on your clients
  • Where we are, and where we are headed
  • Review of changes introduced by the Tax Cuts and Jobs Act of 2017
  • Review of Internal Revenue Code section 199A (pass-through entities), including an understanding of the newly released IRS proposed regulations
 
Session 2: Status Issues
 

Objective: Participants will learn about filing status issues for the 2018 tax season. This session will specifically cover the following issues: dependency, marriage/divorce, and death of a taxpayer. Werner will also provide a significant explanation of foreign income reporting issues.


Session Highlights:
  • Filing status issues
  • Dependent issues
  • Uniform definition of a child
  • Exemptions and phase-outs
  • Divorce and separation issues
  • Alimony and support issues
  • Property settlement issues
  • Death of a taxpayer
 
 

Part-2

October 26 at 1:00pm ET (240 minutes)
Session 3: Income and Deductions
 

Objective: This session will provide an overview of income and deduction issues for the 2018 tax season—including 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
  • Sales tax
  • Interest deduction and qualified debt
  • Charitable deductions
 
Session 4: Retirement Plans and IRAs, Tax Credits, AMT
 

Objective: Participants will learn about 2018 funding limitations—as well as qualified plan issues, IRA issues, tax credits, and Alternative Minimum Tax. Werner will provide specific guidance on early withdrawal penalties and exemptions, and he’ll discuss Alternative Minimum Tax calculations and strategies to avoid the AMT.


Session Highlights:
  • Individual retirement plan issues
  • Qualified plan issues
  • Required minimum distributions in 2018
  • Alternative Minimum Tax issues
  • Various tax credits for 2018
 
Who Should Attend
About Our Faculty
Arthur Werner Arthur 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.

More Info
 
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Disclaimer: Federal Income Tax Update for the 2018 Tax Season is a stand-alone event and is not included in the Unlimited CPE Package.