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Live Webinar

100-minute live streaming program
  • September 17
  • 1:00 - 2:40 pm EST

Also available as:

OnDemand Course

Uncovering Overlooked Tax Breaks: Planning Considerations

September 17

Learn year-end tax strategies that will increase income tax savings and benefits.

U.S. taxpayers are still adjusting to changes in tax planning strategies due to recent U.S. tax reform under the Tax Cuts and Jobs Act of 2017, the CARES Act of 2020, and American Rescue Plan of 2021. Each of these impacts all taxpayers for the first time in more than thirty years since the 1986 Tax Act. This topic will share tax planning strategies that have not changed but are easily overlooked for individuals and businesses, including changes in tax benefits that apply now more than ever.

We now live and work in a remote workplace and employees must face issues outside of the office. The range of topics include managing deductions and credits for both the employed and self-employed.

Learning Objectives

  • You will be able to identify new tax opportunities which impact current U.S. tax return compliance.
  • You will be able to recognize U.S. considerations for obtaining personal and business tax benefits and deductions.
  • You will be able to discuss current U.S. tax credits and options to help reduce your tax liability.
  • You will be able to review year-end tax strategies that will increase income tax savings and benefits.

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Why Lorman?

Over 34 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

Overlooked Tax Benefits for Individuals and Employees
  • Current Issues for Investors and Traders
  • New Investors in Cryptocurrency
  • Capital Gains and Dividend Rates
  • Retirement and Taxable Benefits
  • Remote Work and Home Office Issues
  • Claiming Deductions Without Itemized Expenses
Overlooked Tax Benefits for Small Business and Sole Proprietorships
  • Claiming a Home Office Deduction for Business
  • QBI Deduction for Flow-Through Business
  • Depreciation Alternatives and Tax Elections
  • Reinvestment in Real Property and Personal Property
  • Current Strategies on Claiming Business Losses
  • Year-End Planning for Tax Liabilities
Effective Tax Planning for Claiming Tax Credits and Refunds
  • Recovery Rebate Credit
  • Child Tax Credits and Extra Tax Credits
  • First-Time Home Buyer Credit
  • Employee Retention Credit
  • Education and Retirement Credit
  • Research Credit and Work Opportunity Credit
Top Examples for Year-End Planning Strategies
  • Managing Level of Income for More Benefits
  • Claiming Tax Losses for Past/Future Benefits
  • Timing and Reporting of Income Under Cash Method
  • Claiming Excess Deductions and Credits
  • Home Office Deduction and Managing Limitations
  • Investment Gains and Losses Planning
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More Program Information

Why Lorman?

Over 34 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 September 20, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Live Webinar Registration

  • AIPB 2.0
     
  • This program is acceptable for 2.0 CPEC(s) towards the CB designation through the American Institute of Professional Bookkeepers (AIPB).
     
  • 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 2.0 including Taxes 2
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a 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: 2.0 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 2.0 hours. Prerequisite: basic knowledge of taxation. Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure 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. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, business owners and managers, bookkeepers, and enrolled agents.

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Why Lorman?

Over 34 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

Thomas M. Kosinski, C.P.A., M.S.T.

Thomas M. Kosinski, C.P.A., M.S.T.

Ostrow Reisin Berk & Abrams, Ltd.

  • Director of the Tax Practice of Ostrow Reisin Berk & Abrams, Ltd. (ORBA)
  • Frequent speaker with the Illinois CPA Society covering federal tax updates, IRS representation, individual and corporate tax compliance, and income tax strategies for business transactions
  • Offers more than 25 years of experience providing tax planning and technical advice for individuals and the owners of closely held companies
  • Provides specialized tax planning services to his clients, which include high-net-worth individuals and business entrepreneurs
  • Advises on federal and state tax planning and tax compliance issues for real estate transactions and businesses
  • Member of the American Institute of Certified Public Accountants (AICPA) and Illinois CPA Society and former president of Chicago South Chapter
  • M.S. degree in taxation and B.S. degree in accounting, summa cum laude, DePaul University
  • Can be contacted at 312-670-7444 or [email protected]
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More Program Information

Why Lorman?

Over 34 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!


  • OnDemand Courses
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Additional benefits include:

  • State Specific Credit Tracker
  • All-Access Pass Course Concierge

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 408665
Published 2018, 2021
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