Recent Tax Developments (September - October 2018)
Authored by Sidney Kess, Barbara Weltman
About this Course
Topics covered include: Distributions from qualified retirement plans and IRAs; Deducting legal fees; Home office deductions; Requirements to take deductions as statutory employee; Bad debt deductions; Basis for S Corporation shareholders; Tax issues related to marijuana; IRS Taxpayer Advocacy Programs; Fraudulent returns; Electronic filing requirements for businesses; Revised Form 1040; Due diligence requirement for paid preparers; Filing deadlines.
Upon completing this course, you should be able to: Explain the areas impacted by the suspension of the miscellaneous itemized deduction subject to the 2%-of-AGI floor; List IRS-suggested data security protection strategies for tax information; Discuss 2019 filing season changes.