Description
This mini-course examines key individual, business, retirement, and estate tax provisions
recently enacted or indexed for inflation in an overview format that is easy to
reference. The emphasis is on quick access to major tax changes having special
meaning to the tax practitioner and return preparer. The course is a great resource
and a way for professionals and staff alike to easily get the “big chunks” and bring
their professional knowledge up to speed.
Learning Objectives
1. Recognize the various issues affected by inflation and recent tax law developments especially
as they relate to individual tax brackets, exemptions & deductions, the AMT,
the child tax credit, alimony, HSAs, education plans, and energy credits.
2. Determine the key business tax issues affected by inflation adjustments and recent
legislative changes, including corporate tax rates, entertainment expenses, tax credits
& deductions, bonus depreciation, expensing, standard mileage rates, employment
taxation, low-income housing tax credit, §1031 exchange property, partnership taxation,
insurance deductions, excessive compensation, and investment income.
3. Specify differences between various retirement plans, including inflation-adjusted contribution
limits and phaseout limits, and determine estate taxes by identifying trust income
tax rates and determining applicable exclusion amounts.