2018 Annual Tax Update – Tax Cuts and Jobs Act (TCJA) and More!
Alexander Efros, MBA, EA, CPA, CFP® from Efros Financial details the changes applicable to tax year 2018 per the Tax Cuts and Jobs Act (TCJA) as well as other major changes (including the New Form 1040).
You may skip ahead to any particular section using the links below (please click the pertinent timestamp):
0:28 – 1. The Brand New Form 1040 (Postcard Filing)
7:59 – 2. Increased Standard Deductions
10:12 – 3. Exemptions Are No Longer Applicable
12:06 – 4. New ,000 Limitation for State and Local Taxes
15:20 – 5. Miscellaneous Itemized Deductions (2%) Have Been Eliminated
17:45 – 6. New Limitations for Mortgage Interest Deductions
19:33 – 7. Alternative Minimum Tax Changes for Individuals
20:36 – 8. Limits on Itemized Deductions Have Been Eliminated
21:14 – 9. New Qualified Business Income (QBI) Deduction (Section 199A)
24:18 – 10. DANCE PARTY
24:35 – 11. Changes to the C-Corporation Tax Rate and the Alternative Minimum Tax (AMT)
25:21 – 12. Wrap-Up
Efros Financial is a Los Angeles-based CPA firm providing financial planning and tax preparation/resolution services. Learn more at www.efrosfinancial.com.
Have questions? Send them to email@example.com to be featured in an upcoming video!
MUST WATCH !! The Easy way to understand CA Final Direct Tax Topic Special Tax Rates under Income Tax Act 1961 Section 112, Section 111A By CA Vijay Gaurav Faculty CA Final Direct Tax, Indirect Tax, International Taxation and CA-IPC Taxation. During Lectures the students get handwritten notes made by them in just around 300 pages (Full Coverage) along with more than 300 Practical questions are taken up in the class. The benefit of taking classes from Sir is that the student become able to revise the syllabus of Direct Tax and Indirect Tax just in 1 or 2 days time.
ABOUT CA VIJAY GAURAV
CA VIJAY GAURAV is graduated from “University of Delhi” and a fellow member of “The Institute of Chartered Accountants of India” qualified in 2002.
He is a reputed tax consultant practicing in the field of Direct & Indirect Taxes.
He is working as Tax Consultant for various organizations including National and Multinational Companies.
Teaching is passion for him. He is providing specialized classes for CA-Final: Direct Tax & Indirect Tax and CA–IPC: Taxation & Law. He is having vast teaching experience of more than 10 years.
More than 5000 students have got success in CA/CS/CMA under the guidance of CA Vijay Gaurav.
The mission of CA VIJAY GAURAV is to provide individualized education that address students’ unique learning styles, cultivates independent thought, and promotes the building of character, enabling them to contribute to their communities in meaningful and positive ways.
He is a prominent educationists with great experience of teaching both theoretically and practically.
Over the period, he has enrolled students from all parts of India and Nepal.
He has earned the confidence of over 5000 students and with a positive feedback regarding his way of teaching.
His objective is to prepare the students of CA with intellectual and practical skills so that they can compete in the challenging future.
CA Vijay Gaurav puts great emphasis on practical aspect of the subject along with case studies and practical examples so that students will easily understand the implications of Sections and Rules of Taxes and Laws.
He is having vast practical experience and deals every aspect of the subject, whether theoretical or practical, with flowcharts and practical examples. He guides his students not only for his subject but also for other subjects at CA-IPC & Final level. He also teaches them the better ways of presentation in exams so that students can score better marks.
He has also authored many books including:
“Simplified Notes on DIRECT TAX”for students of CA-Final,
“Simplified Notes on INDIRECT TAX”for students of CA-Final,
“Simplified Notes on TAXATION”for students of CA-IPC &
“Simplified Notes on BUSINESS LAW, EHICS & COMMN.”for students of CA-IPC
His books contain the Provisions of each section of subject in a simplified & comprehensive manner including the latest amendments. The books have been most judiciously prepared and are self sufficient, fully updated most comprehensive and most reliable text for CA students.