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 37 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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Credit
More Program Information
Why Lorman?
Over 37 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.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
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.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 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 37 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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