• To review major developments in federal income taxation for individuals, corporations, and other businesses having the greatest impact on participants, clients, and companies.
• To comprehend the 2020 developments including recent developments and planning ideas regarding the Secure Act, the Taxpayer First Act, the Tax Cuts and Jobs Act (TCJA), and any 2020 legislation.

• A review of the latest developments and guidance for important TCJA provisions, such as the: 20% ‘199A deduction; 100% ‘168(k) depreciation deduction; final 2020 §163(j) regulations limiting the business interest expense deduction; accounting method changes for small businesses; individual excess loss provisions; final Qualified Opportunity Fund regulations and more
• Review of SECURE Act provisions first effective in 2020, including new contribution and distribution rules for IRAs and qualified plans
• Releases regarding the Taxpayer First Act
• A review of any other significant 2020 tax legislation
• Proposed regulations for determining when contributions to charitable organizations are deductible as trade or business expenses
• New tax cases, rulings, and regulations expected to have the most significant impact on individuals and businesses. The presentation will emphasize tax planning opportunities resulting from these recent developments.

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