Recent Tax Developments (May-June 2018)

Authored by Sidney Kess, Barbara Weltman
About this Course
Topics covered include: IRS modifications to COLA; Changes made to Health Savings Accounts; Changes to the tax treatment of alimony; Education related tax breaks, including the American Opportunity Credit and the Lifetime Learning Credit; Guidance on the treatment of deductions for home equity loans and homebuyer credit recapture for first time homebuyers who file for bankruptcy; Developments impacting real estate for businesses and investors, including the treatment of capital improvements to real estate; Treatment of forfeited deposits; Corporate deduction for a home office; Bipartisan Budget Act of 2018 including extenders for individual and disaster relief for both individuals and businesses; Filing a refund claim based on the wrongful incarceration; Relief to whistleblowers; The new tax return for seniors age 65 or over; Offshore Voluntary Disclosure Program (OVDP); Top 12 tax scams; IRS 2017 Date Book; Interest rates on overpayments and underpayments; Audit statistics during the 2017 fiscal year; Deadline for filing Form 5500. Upon completing this course, you should be able to: List the modifications to COLAs for 2018; Explain when profitable sales of real property result in capital gains or ordinary income; Discuss the changes made by the Bipartisan Budget Act of 2018.
$ 34.00
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NASBA Field of Study
Taxes
Level
Update
CPE Credits
1.0
Prerequisites
Understanding of basic tax topics.
Last Updated
04/30/2018
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