chlk taxletter 2019 engbook...jodpnf gspn opo tqfdjæ(fe tfswjdf cvtjoftt gps ubyqbzfst xiptf...
TRANSCRIPT
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WWW.CHLKCPAS.COM
2019 / 2020
TAXUPDATE
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PENALTY ISSUE FOR NOT HAVING HEALTH INSURANCE IN 2019
IRC §199A : SMALL BUSINESS DEDUCTION
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RENTAL REAL ESTATE SAFE HARBOR
VIRTUAL CURRENCY TRANSACTIONS(IRS LETTERS 6174, 6173 FOR CRYPTO TAXES)
2019 TAX RATE
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IRA CONTRIBUTION AMOUNTS
CHILD TAX CREDIT & OTHER DEPENDENT CARE TAX CREDIT
MEDICAL EXPENSE DEDUCTIONS
RIDE SHARING, PART-TIME DELIVERY SERVICES, OR E-COMMERCE
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QUALIFIED PLUG-IN ELECTRIC DRIVE VEHICLES CREDIT
RESIDENTIAL ENERGY EFFICIENT PROPERTY CREDIT
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TAX PLANNING AND TAX AUDITTAX PLANNING AND TAX AUDIT
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Individual Taxpayers
CONTRIBUTION TORETIREMENTSAVINGS
RETIREMENT PLANS:TRADITIONAL IRAAND ROTH IRA
DISTRIBUTION OFRETIREMENTACCOUNT
GIFT TAX /ESTATE TAXEXCLUSION
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FOREIGN-EARNEDINCOME EXCLUSION
PRINCIPALRESIDENCE
REQUIREDMINIMUMDISTRIBUTIONS(RMD)
Individual Taxpayers
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REPORT OFFOREIGN BANKAND FINANCIALACCOUNTS (FBAR)
Individual Taxpayers
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REINVESTEDDIVIDENDS
CAPITAL GAIN(LONG-TERM)
INVESTMENTINTEREST
INSTALLMENTSALE
Investors
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NET OPERATINGLOSS (NOL)
CALIFORNIAABC TEST(AB 5 Ch. 19-296)
AUTOMOBILEEXPENSE
BAD DEBT,CASUALTY ANDTHEFT LOSS
Business Owners
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SECTION 179AND SPECIALDEPRECIATION
MEAL & ENTERTAINMENT
PENSION PLAN
RESEARCHACTIVITIESCREDIT
Business Owners
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SEXUALHARRASSMENTTRAINING
CANNABIS(FULL EXPENSE DEDUCTIONS ALLOWED IN CALIFORNIA STARTING IN 2020)
Business Owners
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INCOME TAX AUDIT SOURCE OF LIVING EXPENSE
SOURCE OF FUND
BANK DEPOSIT
SEPARATE BANK ACCOUNT
CHARITABLE CONTRIBUTION
CASH TRANSACTION
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INCOME TAX AUDIT
FOREIGN GIFT
RECORD KEEPING
AUDIT NOTICE
FORM 1099FILING REQUIREMENT
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Partners
Managers
Staffs
Partner
Staffs
Advisors
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Advisor
Partner
Staffs