Tax

Events

June 11 - 14, 2019
Annual Convention & Expo
Atlantic City

June 24, 2019
Qualified Business Income and More — Small Business Impacts of TCJA
Jamesburg

June 25, 2019
Section 199A Explored — Planning for Qualified Business Income
Jamesburg

August 19 - 21, 2019
Atlantic City CPE Cluster
Atlantic City

August 19, 2019
The Best Federal Tax Update Course by Surgent
Atlantic City

September 24, 2019
Surgent's Individual Tax Camp
Iselin

October 25, 2019
Surgent's Federal Tax Camp
Iselin

November 6, 2019
Section 199A: Applications and Challenges in 2019/ Four Tiers of Loss Limitations: New Rules for Pass-through Entities
Jamesburg

November 6, 2019
Section 199A: Applications and Challenges in 2019/ Four Tiers of Loss Limitations: New Rules for Pass-through Entities
Iselin

November 7, 2019
Section 199A: Applications and Challenges in 2019/ Four Tiers of Loss Limitations: New Rules for Pass-through Entities
Roseland

November 7, 2019
Section 199A: Applications and Challenges in 2019/ Four Tiers of Loss Limitations: New Rules for Pass-through Entities
Mount Laurel

December 17, 2019
Current Federal Tax Developments
Mount Laurel

December 19, 2019
The Best Federal Tax Update Course by Surgent
Roseland



Presentation Materials

The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences:

IRS Explains Tax Treatment of State and Local Tax Refunds

Posted: March 29, 2019
The IRS has clarified the tax treatment of state and local tax refunds arising from any year in which the new limit on the state and local tax (SALT) deduction is in effect.

Trust and Estate Income Tax Returns Under the TCJA

Posted: March 22, 2019
Preparers of these so-called fiduciary returns should review changes - including new opportunities for tax savings - enacted by the law known as the Tax Cuts and Jobs Act.

IRS Proposes Life Insurance Contract Transaction Reporting Regulations

Posted: March 22, 2019
The IRS has issued proposed regulations on the new information reporting requirements for certain life insurance contracts under the Tax Cuts and Jobs Act.

Highlights of Opportunity Zone Tax Benefits

Posted: March 20, 2019
The Tax Cuts and Jobs Act generally allows a deferral of capital gains that are reinvested in certain designated areas called Opportunity Zones. Learn what you need to know to qualify for this tax benefit.

Bill to Help Pass-Through Business Owners Passes Assembly Committee

Posted: March 19, 2019
A bill that would allow New Jersey flow-through entities to pay entity-level taxes on their net taxable income instead of having these individual business owners pay the New Jersey gross income tax passed the Assembly Appropriations Committee on March 18.

Two Ways the 199A Deduction Has Changed Retirement Planning

Posted: February 21, 2019
The Tax Cuts and Jobs Act has created the Sec. 199A deduction, which could affect retirement-planning strategies used by business owners. For example, those who have income that is too high to qualify for the full deduction might want to contribute to retirement accounts to lower taxable income.

Legislation Announced to Repeal SALT Deduction Cap

Posted: February 11, 2019
Senator Bob Menendez and Congressman Bill Pascrell, Jr., have unveiled a bipartisan bill to repeal the federal cap on state and local tax (SALT) deductions imposed by the Tax Cuts and Jobs Act.

Final Section 199A IRS Regulations Propose Safe Harbor for Rental Real Estate

Posted: January 30, 2019
In response to arguably the most requested clarification from tax professionals, Notice 2019-07 issued a proposed revenue procedure containing a safe harbor under which a rental real estate enterprise will be treated as a trade or business solely for purposes of §199A.

The Ins and Outs of the Section 199A Regulations

Posted: January 29, 2019
The IRS has issued final regulations providing guidance on the Section 199A deduction for qualified business income. The final regulations provide clarification on issues such as when businesses may be aggregated in determining QBI, how real estate rented to an operating business is treated and what constitutes a specified service business.

Taxpayers Need More Penalty Relief

Posted: January 29, 2019
Recently, the AICPA sent a letter to the Department of Treasury and the IRS urging them to provide more extensive relief to taxpayers who are underwithheld due to the adjusted withholding tables as a result of the Tax Cuts and Jobs Act.