$0.00

Please note this class will be held virtually, not in person.

This highly informative course will bring you up-to-speed on the latest in individual tax law developments and the corresponding or responsive planning opportunities available to your clients. You will come away from the course ready to educate your individual tax clients and implement tax-savings ideas that will serve their ever-evolving needs. Continually updated for items regarding tax reform, including 2021 stimulus bill(s).

Objectives

  • Understand strategies and tactics to use in light of tax reform 
  • Understand how to nail down valuable deductions and other reductions to the tax base

Highlights

  • The SECURE Act, including IRA and RMD changes 
  • Section 461 loss limitation rules and the ability to offset income 
  • Revised home mortgage interest deduction 
  • Treatment of state and local taxes 
  • Virtual currency 
  • Opportunity Zones 
  • Education-related provisions 
  • Depreciation changes 
  • Changes to the treatment of alimony for both payor and payee 
  • Rules on entertainment expenses, including meals 
  • Doubling of estate and gift tax exemption for a married couple 
  • Practice aids, including all the numbers applicable for the current year - inflation-adjusted amounts, mileage rates, retirement contributions, and more 
  • The latest issues related to any other late-breaking tax law changes

Who Will Benefit

All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients

Credits

Category Amount
Tax 4.00
Yikes, the time is near. Please call NMSCPA at (505) 246-1699 to register.

Leaders

  • Michael E. Reilly

    Michael E. Reilly, CPA, is a sole practitioner with offices in West Chester, PA.

    In addition to maintaining his practice, Mr. Reilly has been an adjunct professor at several colleges and was a visiting professor of Economics and Business at Lafayette College. He was also the CFO for a large insurance agency in Delaware County, PA, and was a licensed insurance agent in Pennsylvania.

    Mr. Reilly earned his bachelor’s degree in business administration with an accounting concentration from Temple University and his master of taxation degree from Villanova University School of Law. He also holds the Chartered Financial Consultant (ChFC) and Chartered Life Underwriter (CLU) certifications. In 2016, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills.

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