This seminar incorporates everything you need to know to prepare your 2020 Federal income tax returns with emphasis on individual taxation. The instructor will highlight all new tax laws and changes for 2020 as per TCJA & COVID-19 and will present new planning strategies after TCJA & COVID-19. Additionally, this course is packed with information designed to prevent practitioners from signing off on filing statuses that are incorrect. Key areas of note are qualified persons, dependency issues, divorce issues, understanding the concept of temporary absence, the one household rule, and finally multiple support agreements. This lecture also contains a strong focus on Head of Household issues. Head of Household is significant. The IRS expanded their due diligence and added Head of Household because of misinformation and incorrect positions regarding Head of Household that taxpayers were taking. Clearly - your entire staff must attend this seminar.

Topics & Learning Objectives Include:

• Head of Household & Qualifying Relatives
• Varying types of Allocations as they pertain to Co-Owned and Community Property
• Social Security Benefits
• Wash Sales
• Cancellation of Debt
• Death and Life Settlements
• Medical and Tax Deductions
• Casualty and Disaster Losses
• Paid Family and Medical Leave Credits
• Crowdfunding
• Social Security Benefits
• Employee Stock Options
• Cancellation of Debt
• Qualified Opportunity Funds
• Interest Tracing
• Charitable Contributions
• Kiddie Tax
• Residential Energy Efficient Property and Business Energy Credits
• First-Time Homebuyer Recapture
• Vehicle Credits
• And More.....

Arthur Werner is one of the most prominent Federal Tax lecturers in the nation, with a special expertise in Estate, Trusts and Elder Law issues.