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Individual Itemized Deductions and Other Provisions

Date: Wednesday, May 30, 2018
Time: 1:00 - 2:00 pm EST

Sponsored by Lorman Education Services


Registration - Live Webinar Only: $219.00

Registration - Live Webinar Plus CD Recording: $288.00

 

Gain a better understanding of individual itemized deductions and other provisions that came from the new tax act.

The 2017 Tax Act was the most significant change in the Internal Revenue Code in 31 years. Find out what you need to know for 2018 and beyond regarding individual tax obligations, whether for yourself or your clients.

This topic will provide an overview of the 2017 Tax Act provisions that affect individuals including a review of the drop in individual income tax rates, increases in the standard deductions, suspension of personal exemptions and itemized deductions, increases in the alternative minimum tax exemption amounts, and other important changes that go into effect this year.

The material will also go over provisions that were slated to be amended or repealed but which were not included in the final tax act.

Learning Objectives:

  • You will be able to identify new limitations on the state and local tax deductions.
  • You will be able to identify provisions not included in the final tax act.
  • You will be able to discuss revisions to the individual alternative minimum tax deductions.
  • You will be able to explain charitable contributions revisions.

This Live Webinar Covers These Hot Issues:

  • Reduction in Individual Income Tax Rate
  • Increases in the Standard Deduction
  • Suspension of the Personal Exemption
  • Suspension of Miscellaneous Itemized Deductions
  • Revisions to the Individual Alternative Minimum Tax Exemptions
  • New Limitations on the Mortgage Interest Deduction
  • New Limitations on the State and Local Tax Deductions
  • Charitable Contributions Revisions
  • New Limitations on Various Loss Provisions
  • Revisions to the Medical Expense Deduction
  • Elimination of Alimony Payments Deduction
  • Moving Expenses Deductions Eliminated
  • Enhancements to the Child Tax Credit
  • Revisions and Enhancement to Education Tax Provisions
  • Enhancements for Able Accounts
  • Estate and Gift Tax Enhancements
  • Provisions That Did Not Get Included in the Final Act

Credit Information (Sponsored by Lorman Education Services):

  • CPE
  • AIPB
  • NASBA

For Detailed Credit Information page click here

Only registered attendee will receive continuing education credit.

Instructor Profile:

James W.C. Canup, Hirschler Fleischer

  • Tax Practice Chair at the Richmond, Virginia based law firm of Hirschler Fleisher
  • Advises individuals, partnerships, and corporations on the tax consequences of their business and other transactions
  • Quoted in The Wall Street Journal, The New York Times, USA Today, U.S. News and World Reports, Accounting Today and other leading publications on tax matters
  • Has written articles for Trust & Estates, Financial Advisor and other publications
  • Recognized by Virginia Business as a member of Virginia’s “Legal Elite” since 2009

(Not available outside the US)