2016 Federal Income Tax Update

Topics

• The current year rate structure and COLAs
• Review of new tax legislation for the current year
• FBAR and FATCA issues
• Specific tax issues that will have the greatest impact on your clients
• Where we are, and where we are headed
• Affordable Care Act ("Obamacare") issues
• Filing status issues
• Uniform definition of a child
• Exemptions and phase-outs
• Dependent issues
• Alimony and support issues
• Divorce and separation issues
• Death of a taxpayer
• Property settlement issues
• Cancellation of debt
• Interest and dividend issues
• Non-resident and resident status
• Co-owned property
• Phase-out of itemized deductions
• Standard deduction
• Sales tax
• Medical expense issues
• Charitable deductions
• Interest deduction and qualified debt
• Qualified plan issues
• Individual retirement plan issues
• Required minimum distributions in the current year
• Funding and contribution rules and COLAs
• Various tax credits for the current year
• Alternative Minimum Tax issues