It’s that time of year again. No, we’re not talking candy canes, presents under the tree, and the subsequent cherub in a top hat, sash, and diaper as Baby New Year in January, 2020. We are talking about our annual Virtual Tax Conference. This year’s offering should not be missed by any CPA or tax professional interested in understanding the most crucial aspects of the most current tax law and the latest implications of tax reform. Keep your clients well advised and be a superstar at your 2019 year-end consultations and 2020 tax planning/tax prep meetings.
Get the latest news and expert opinions on legislative matters. What can we expect from Washington in an election year? This discussion becomes rather nuanced against the backdrop of impeachment. Just the QIP bonus depreciation fix and contemplated changes to retirement accounts would alter planning and provide opportunities for client referrals and greater profit margin for many practitioners. Don’t miss out.
On the individual side, we’ve got the thorniest aspects of the Tax Cuts and Jobs Act covered. You will also hear the latest pronouncements on virtual currency, employee/independent contractor, HRAs, retirement benefits, capital gain planning, and Opportunity Funds. Much will be discussed by way of planning regarding ABLE accounts, Qualified Charitable Distributions (QCDs), and health insurance. As just an example of the potential benefits you could bring to yourself and your clients, are you aware there is a viable strategy that may allow the owners of co-ops to deduct state and local taxes in excess of $10,000? There is no guidance at this point from IRS. If the ball bounces in taxpayers’ favor on this one, wouldn’t you want to be the go-to source for all those 1040X filings co-op owners will need? Those amended tax returns are lucrative, and the refunds often solidify the relationship with a new paying client.
We also have business tax covered comprehensively. Bonus depreciation, §179, parking expenses, accounting method changes, the business interest deduction limits of §163(j), choice of entity, and structuring settlements are all given their proper due. Depreciation’s effect on both repair regulations and §199A is often overlooked but covered here. An entire section is also devoted to pass-through entities with detailed information on the hottest topics such as partnership audits, capital account reporting, §199A, and the excess business losses of §461.
The final session of the day will be dedicated to all the IRS Form fans out there. Be among the first to learn about the new 2020 W-4 and the 1040-SR for seniors. Our expert presenters will also cover the changes to Form 1040 and its Schedules as well as Form 1065 and Schedule K-1. It is very difficult, then, to enumerate and touch on even the majority of the tax issues which will be discussed, but again, rest assured you will come away with countless practical pointers to enhance your practice and profit.
Best of all, unlike in-person CPE conferences, you can attend this benefit-packed 8-hour tax conference from the comfort of your own desk. Thanks to our state-of-the-art webinar technology, you’ll enjoy a lively instructor-led event featuring high-definition video and interactive Q&A, while earning 8 live CPE credits. With many CPAs coming up on CPE deadlines, this is a great way to fulfill CPE requirements, while getting some great new tax planning ideas to use right away.
If this sounds like a valuable opportunity for you and your business, don’t miss out! The debut virtual event airs on December 16th, with additional dates in December and January. Sign up for Surgent’s Virtual Tax Conference 2019 today!
Nick Spoltore is VP of Tax & Advisory Content for Surgent CPE. Mr. Spoltore is a graduate of the University of Notre Dame and of Delaware Law School. Before joining Surgent, he practiced tax and business law at the firm of Heaney, Kilcoyne in Pennsylvania and also in Delaware.