Vermont Society of Certified Public Accountants
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Surgent's Federal Tax Camp with Sue Smith

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Member Price: $315.00 Price reflects early registration savings of -$50.00, good until 10/21/19
Non-Member Price: $515.00 Price reflects early registration savings of -$50.00, good until 10/21/19

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Date/Time:
Nov 21, 2019, 8:30am–4:30pm
Venue:
Hilton Burlington Lake Champlain (Burlington, VT 05401)
60 Battery Street
Burlington, VT 05401
Developer:
Surgent McCoy CPE, LLC
CPE Credits:
Taxes: 8.00
Fields of Study:
CFP, Taxation
Instructors
Susan Smith (2510)
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master's taxation program. Her ratings have consistently exceeded 4.7 on a scale of 5.0. Smith is a two-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015 and 2016, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
The Tax Cuts and Jobs Act brought about the most far-reaching changes to the tax code in a generation.  New tax rates, deductions for pass-through entities, new depreciation rules, changes to home mortgage interest deductions, modifications of NOL rules, and new alimony rules  are only some of the issues on which practitioners need to get up-to-speed this year.  In this course, tax advisors will be fully updated on the most important legislative and regulatory developments of the season as well as major trends and changes in the case law.

Objective

  • Understand the latest tax law changes    
  • Understand strategies and techniques for individuals to use in light of tax changes    
  • Understand current cases and rulings affecting individuals and businesses

 

Highlights

  • New loss limitation rules applicable to NOLs and the ability to offset income         
  • Revised home mortgage interest deduction    
  • Treatment of state and local taxes    
  • Monumental changes to the treatment of alimony for both payor and payee    
  • Section 1031 like-kind exchanges    
  • Carried interest    
  • New deferral possibility for stock options    
  • New bonus depreciation rules and expansion of Sec 179    
  • Expansion of number of taxpayers able to use the cash method of accounting    
  • 30% business interest limitation    
  • New rules on entertainment expenses, including meals    
  • New business credit for wages paid due to family and medical leave    
  • Doubling of estate and gift tax exemption to $22.8M for a married couple    
  • Comprehensive coverage of the emerging flagship item of tax reform, Sec 199A and its alteration of pass-through taxation and planning    
  • Relevant state domicile issues which are quickly becoming a new source of practitioner profit    
  • Review of pertinent cases and rulings affecting taxpayers    
  • Practice aids, including all the numbers applicable for the current year -- inflation-adjusted amounts, mileage rates, retirement contributions, and more    
  • The latest issues related to any other late-breaking tax law changes

 

Designed For

CPAs who need to know the latest tax law changes in all areas of practice.

Prerequisite

Experience with individual and business clients.
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