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| Author : | Paul Winn, CLU, ChFC |
| Status : | Production |
| CPE Credits : | 3.0 |
| IRS Credits : | 3 |
| Price : | $26.95 |
| Passing Score : | 70% |
| Course Type: | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - Registered Tax Return Preparers |
| Primary Subject-Field Of Study: | Taxes - Taxes for Course Id 1533 |
| Description : | Federal Income Tax Changes examines the current tax changes that are more significant from the perspective of an income tax preparer. Context is provided, as appropriate, to assist students in understanding the changes. A brief discussion of the individual taxpayer provisions of the Tax Cuts and Jobs Act of 2017 is also included. |
| Usage Rank : | 0 |
| Release : | 2019 |
| Version : | 1.0 |
| Prerequisites : | None. |
| Experience Level : | Overview |
| Additional Contents : | Complete, no additional material needed. |
| Additional Links : |
The New 2019 Federal Income Tax Brackets And Rates
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| Advance Preparation : | None. |
| Delivery Method : | Self-Study |
| Intended Participants : | Anyone needing Continuing Professional Education (CPE). |
| Revision Date : | 15-Dec-2019 |
| NASBA Course Declaration : | Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam. |
| Approved Audience : | NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - Registered Tax Return Preparers - 1533 |
| Keywords : | Taxes, Federal, Income, Tax, Changes, For, 2019, Tax, Year, 3, hour, version, cpe, cpa, online course |
| Learning Objectives : |
Course Learning Objectives Upon completion of this course, you should be able to:
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
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| Course Contents : | Course Learning Objectives Introduction to the Course Special Note Concerning Recent Legislation Chapter 1 - Changes in Various Limits Chapter Learning Objectives Introduction Standard Mileage Rates Business Use of a Taxpayer’s Personal Vehicle Use of a Personal Vehicle for Charitable Purposes Use of a Taxpayer’s Personal Vehicle to Obtain Medical Care Use of a Taxpayer’s Personal Vehicle to Move Moving Expenses in Military Relocations Standard Deduction Increased Standard Deduction for Blind and Senior Taxpayers Standard Deduction Eligibility Exemption Amount Alternative Minimum Tax (AMT) Tax Preference Items Added Back to Produce Alternative Minimum Taxable Income Alternative Minimum Tax Exemption Amount Increased Tuition and Fees Deduction Overview of the Tuition and Fees Deduction Education Savings Bond Program Qualified Education Expenses Eligible Educational Institutions Qualified Education Expenses Reduced by Certain Tax-free Benefits Received Figuring the Tax-Free Amount Education Savings Bond Program Eligibility Subject to Income Limits/Filing Status Determining Taxpayer’s Modified Adjusted Gross Income Limitation on Itemized Deductions Qualified Long-Term Care Insurance Premiums and Benefits Favorable Benefits Tax Treatment Reserved for Chronically-Ill Tax-Qualified Long Term Care Premiums Deductible within Limits Tax-Qualified Long Term Care Insurance Benefits Tax-Free within Limits Social Security Taxable Earnings Limit Maximum Capital Gain/Dividend Tax Rate Increased for High-Income Taxpayers Chapter Review Chapter 2 - Tax Credit Changes Chapter Learning Objectives Introduction Retirement Savings Contribution Credit Saver’s Credit Applicable to Range of Retirement Contributions Saver’s Credit Eligibility Based on Income and Filing Status Earned Income Credit EIC Rules Applicable to Everyone Adjusted Gross Income Limits Valid Social Security Number Required Tax Filing Status Citizenship or Residency Foreign Earned Income Investment Income Earned Income EIC Rules That Apply if Taxpayer Has a Qualifying Child Relationship, Age, Residence and Joint Return Tests Qualifying Child of More than One Person Rule Taxpayer as the Qualifying Child of Another Taxpayer Rule EIC Rules That Apply if Taxpayer Does Not Have a Qualifying Child The Age Rule The Dependent of Another Person Rule The Qualifying Child of Another Taxpayer Rule The Main Home Rule Figuring the Amount of the Earned Income Credit Adoption Credit/Exclusion Eligible Child Qualified Adoption Expenses The Benefit Timing of the Credit/Exclusion Benefit Phased-Out at Higher Taxpayer MAGI Chapter Review Chapter 3 - PPACA-Related Tax Changes Chapter Learning Objectives Introduction Health Flexible Spending Arrangement Contributions PPACA’s Individual Shared Responsibility Provision Refundable Premium Tax Credit to Assist in Purchase of Qualified Health Plan Eligibility for Credit Federal Poverty Level Amount of the Credit Benchmark Plan Taxpayer’s Expected Contribution Calculating the Credit Adjusted Monthly Premium Special Rules Applicable to the Tax Credit Reconciling Advance Premium Tax Credits Small Business Tax Credit Eligibility Requirements Limitations Affect Health Insurance Premium Credit Full-Time Equivalent Employee (FTE) Limitation Average Annual Wage Limitation Average Premium Limitation State Premium Subsidy and Tax Credit Limitation Calculating the Credit Large Employer Shared Responsibility: The Employer Mandate Employers Not Offering Coverage Employers Offering Coverage Chapter Review Chapter 4 - Changes in Archer MSAs, HSAs & IRAs Chapter Learning Objectives Introduction Medical Savings Accounts High Deductible Health Plan Requirement Archer MSA Contributions Penalty for Excess Contributions Special Rules for Employer-Installed MSAs Archer MSA Distributions Archer MSA Rollovers Account Transfer Incident to Divorce Account Transfer at Death Archer MSA Taxation Contribution Tax Treatment Distribution Tax Treatment Archer MSA Distribution Tax Penalty Health Savings Accounts HSA Eligibility HSA High Deductible Health Plan Requirement HSA Contributions HSA Contributions from Multiple Sources Additional Contributions for Age 55 and Older Account Holders First-Year Contributions for New Account Holders Maximum HSA Contributions may be Reduced Penalty for Excess Contributions Employer HSA Participation HSA Distributions HSA Rollovers Account Transfer Incident to Divorce Account Transfer at Death HSA Taxation Contribution Tax Treatment Distribution Tax Treatment Tax-Free HSA Distributions Taxable HSA Distributions HSA Distribution Tax Penalty Roth IRA Eligibility Limits on Contributions Traditional IRA Contributions by Active Participants Tax Treatment of Contributions by Active Participants Reduced Deductibility of Traditional IRA Contributions for Active Participants Chapter Review Chapter 5 - Tax Cuts and Jobs Act: Chapter Learning Objectives Introduction Tax Cuts and Jobs Act of 2017 Individual Tax Rate Changes Alternative Minimum Tax Exemption Amount Increased Exemptions and Deductions Individual Responsibility Penalty under ACA Estate and Gift Tax Exemption Section 529 Qualified Tuition Plan Changes Summary Chapter Review Appendix A Glossary |
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