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Tax Reform Update (Impact on You, Your Business and Financial Plans) (CD)

Price:
$25.00
SKU:
SKU #18SFVBA-18-C
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Self-study hours are logged by the listener and the one page list is kept in an MCLE compliance folder. The log requires a listing of each program title, the program's approved MCLE provider name, program length, and whether or not that program contains mandatory subfield credit (legal ethics, elimination of bias, or prevention of substance abuse.)

Participatory hours require a proctor (any adult who is not simultaneously using the same program for participatory credit) to complete and sign documents accompanying each participatory program. Those completed and signed documents are subsequently returned to Versatape and individual certificates of compliance are prepared and returned to the listener to be filed in a MCLE compliance folder. Versatape will also keep a copy of the certificates of compliance on file. If audited the State Bar will be looking for a copy of those completed certificates of compliance and a copy of the self -study hours log.

Note: Please note MCLE audio program hours listened to in excess of 25 hours in a 3-year compliance period cannot be carried over into the next 3-year cycle.

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There are three options for building MCLE Audio Packages:

Turnkey Solution
Just click and add the select audio package to your cart and we will assemble it for you based on best selling and recent programs.

Choose Your Interested Areas of Law
Choose your categories of interest and we will select available programs from the areas you choose. Additionally, you can add specific programs SKU's numbers which will be included in your package in addition to your preferred categories.

Assemble Your Own
Assemble your own 12 hour, 13 hour. or 25 hour package. Simply copy and paste the SKU number of each program you would like included into the Specific Programs Desired section and we will build your custom package for you. Remember to include the required subfield hours (if you need them): 4 hours of legal ethics, 1 hour of the elimination of bias and 1 hour of the prevention of substance abuse programs to your list (we can select them for you if you desire).

How They Work

A discussion and break down how the Tax Cuts and Jobs Acts of 2017 will affect you, your business and your financial plan. Included are the following: 

  1. Tax Rate Changes and Tax Bracket Revisions

  2. Elimination of Exemptions (2017=$4050)

  3. Changes to Itemized Deductions

  4. New Child Care Credit up to $2000 Versus Prior Maximum of $1000

  5. Alimony Changes

  6. No Long Have Health Insurance Penalties (Obama Care) For Not Having Health Insurance

  7. Annual Gift Exclusion Increased to $15,000

  8. Section 179 Depreciation Increased From $510,000 to $1,000,000

  9. Alternative Minimum Tax – Fewer Taxpayers Will Be Subject to This Tax

  10. Pass Through Deduction Revision

  11. Net Operating Losses Revision

  12. Phase Out of Individual Changes Not the Business Changes

  13. No Longer Deduct Entertainment

  14. Section 1031 Exchanges Will Only Be Allowed For Real Property

  15. Conformity with California Not Clear

  16. Business Changes – Due Dates of Returns

  17. Must Look at Cost Benefit of Complex Schemes to Avoid Taxes 

Program materials included. Speakers: Martin G. Leffler, CPA, Rances Sainz.   Recorded March 15, 2018. MCLE credit: 1 hour

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Programs by MCLE Approved Providers:

San Fernando Valley Bar Association (#451)

Pasadena Bar Association (#531)

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