Gain a better understanding of the top individual income tax provisions being debated by Congress.
With the new administration comes new tax proposals. While nothing has been enacted yet, we are on our way to seeing one of the biggest shifts in tax reform in recent years. Richard Seo and Lauren Shapiro present '10 Ways Tax Reform Will Impact Individuals,' which includes a discussion of the top individual income tax provisions being debated by Congress this fall. Each topic will include an analysis of the current state of the rules, proposals floated by both Democrats and Republicans, and the likelihood of the outcome. A brief discussion of planning tips in consideration of enactment of the proposals will conclude the topic so individual taxpayers across the nation can prepare for the impending changes.
Learning Objectives
- You will be able to identify characteristics of the Infrastructure Investment and Jobs Act
- You will be able to recognize characteristics of the Build Back Better Act
- You will be able to differentiate between tax impacts within various income brackets
- You will be able to identify current tax deductions and credits
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Income Tax Rates
- Current Rates and TCJA Amendments
- Legislative Proposals
- Looking Ahead, Including a Couple of Planning Points
Capital Gains
- History of Capital Gains and Current Rates
- Legislative Proposals
- Looking Ahead and Planning Points
Net Investment Income
- A Bit About Surtaxes in General
- Legislative Proposals
- Looking Ahead and Planning Points
Stepped up Basis
- History of Legislative Proposals to Fix Stepped up Basis
- Current Proposals to Fix Stepped up Basis
- Discussion of Exemption Amounts
- Looking Ahead and Planning Points
Carried Interest
- Current Rates and Description of Carried Interest
- Legislative Proposals
- Looking Ahead and Planning Points
SALT Cap
- History and Current Cap on Deduction
- Legislative Proposals
- Looking Ahead and Planning Points
Retirement
- IRAs and Required Minimum Distributions
- Legislation Proposals
- Planning Points
Crypto
- Proposals and Lack of Guidance
- Wash Sale Rules
- Looking Ahead
International
- GILTI, FDII
- Proposals
- Planning Ahead
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on November 9, 2021.
Call 1-866-352-9540 for further credit information.
- AIPB 1.5
- This program is acceptable for 1.5 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
- AK CLE 1.5
- Alaska attorneys may receive 1.5 hours of continuing legal education for completing this program. Please contact the Alaska Bar Association or go to www.alaskabar.org for details regarding reciprocity with other states.
- AL CLE 1.6
- This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.6 hours credit.
- AR CLE 1.5
- This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
- Arizona CLE 1.5
- The Arizona State Bar does not pre-approve or pre-certify MCLE programs. However, records of this program and attendance will be maintained by Lorman Education Services for auditing purposes. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
- CT CLE 1.5
- Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- IL CLE 1.5
- This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
- ND CLE 1.5
- North Dakota CLE policy does not allow for pre-approval of any self-study courses. This course may qualify for up to 1.5 hours of CLE credit.
- NH MCLE 1.6
- NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this Ondemand course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 94 Minutes.
- PA CLE 1.5
- This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
- RI CLE 1.5
- This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
- VT CLE 1.5
- This self-study program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hour(s) of CLE credit. Please note: Attorneys may only claim 12 credits per compliance period in this format. This course is considered "Non-Moderated Programming without Interactivity".
- WA CLE 1.5
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of A/V credit under the Law & Legal Procedure category.
- WV MCLE 2.0
- This program has been approved by the West Virginia State Bar MCLE Commission for 2.0 MCLE hours.
Enrolled Agents 2.0
- This program qualifies for 2.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).
CPE/NASBA - QAS Self Study 2.6 including Taxes 2.6
- Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.6 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.6 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Richard Seo, CPA
Crowe LLP
- Partner, Global Private Client Services, Crowe LLP
- 17 years providing integrated tax, accounting, consulting services in a variety of industries and sub-groups, including high net worth families, real estate, leasing companies, art/entertainment individuals and firms, investment firms, and professional service firms
- Professional Affiliate of American Institute of Certified Public Accountants, New York State Society of CPAs, and ASCEND Pan-Asian Leaders
- B.S. degree in accountancy and economics, Alfred University, and CPA
- Can be contacted at 646-965-5714 or [email protected]
Lauren Shapiro
Crowe LLP
- Manager, Washington National Tax Office, Crowe LLP
- 14 years providing analysis for Bloomberg BNA’s Estates, Gifts, and Trusts portfolio library
- Co-contributor to Insights on EGT: The Bloomberg Tax Perspective (2020-2021)
- Member, Connecticut State Bar
- LL.M degree in tax, Boston University; J.D. degree, UMASS School of Law
- Can be contacted at 202-779-9906 or [email protected]
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Why Lorman?
Over 36 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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