Learn year-end tax strategies that will increase income tax savings and benefits.
U.S. Taxpayers are getting ready for the impact of the recent U.S. Election and the changes to tax law and tax reform under the Tax Cuts and Jobs Act of 2017, the CARES Act of 2020, and American Rescue Plan of 2021. Each of these may be set to expire after 2025, but the issues may continue to impact all taxpayers.
This topic will share tax planning strategies that have not changed but are easily overlooked for individuals and businesses, including changes in tax benefits that apply now more than ever. We now live and work in a remote workplace and employees must face issues outside of the office. The range of topics include managing deductions and credits for both the employed and self-employed.
Learning Objectives
- You will be able to review overlooked tax benefits.
- You will be able to discuss claiming a home office deduction for business.
- You will be able to identify claiming tax credits and refunds.
- You will be able to explain top examples of year-end planning strategies.
Agenda
Speakers
Thomas M. Kosinski, C.P.A., M.S.T.,
Ostrow Reisin Berk & Abrams, Ltd.- Member of tax department at Ostrow Reisin Berk & Abrams, Ltd., since 1994, and became a director in 2001
- Frequent speaker with the Illinois CPA Society covering federal and state tax updates, IRS matters, individual and corporate tax compliance, and flow-through income tax strategies
- Offers more than 25 years of experience providing strategic tax planning and technical advice for individuals and the owners of closely held companies
- Provides specialized tax planning services to his clients, which include high net worth individuals and business entrepreneurs
- Significant industry experience including real estate and commodities/securities
- Researchs and implements a wide range of federal and Illinois tax strategies, and represents numerous Illinois taxpayers during IRS and Illinois Department of Revenue audits
- Consults with firm clients on state and local taxation issues and manages firm issues relating to international taxation
- Assists U.S. based entities in planning for foreign operations as separate entities, branches or divisions
- Active member and a former president of the Illinois CPA Society Chicago South Chapter and a member of the American Institute of Certified Public Accountants
- Contributing author for a tax newspaper column and previously a co-author for a tax savings publication for individual taxation
- M.A. degree in taxation, B.S. degree in accounting, summar cum laude, DePaul University
Who Should Attend
This live webinar is designed for accountants, CPAs, CFOs, controllers, accounts payable professionals, tax managers, presidents, vice presidents, business owners and managers, bookkeepers, and attorneys.
