Mileage Deductions After TCJA
San Gabriel Valley Chapter Meeting

Date / Time:

Thursday, August 1, 2019
6:00 PM to 9:00 PM

Location:

Marie Callenders

1560 Albatross Rd

City of Industry, CA 91748

Topic: Mileage Deductions After TCJA

Have you ever claimed mileage deductions for a client using the "cents-per-mile" method? Well, the hughtax law of December 2017 (TCJA) out-lawed tax-deferred exchanges for personal property. When a client disposes of the vehicle in question (usually by "trade-in"), you must report the "disposition" on Form 4797. Even employees who no longer claim deductions on Schedule A may have had such deductions in 2017 or earlier. When the vehicle in question is disposed of, we must file Form 4797. This applies to employees, Schedule C filers, landlords and more. Will IRS be tracking this?

Presenter: David Gorsich, EA

He hails from San Diego. He earned a Bachelors and Masters Degrees in the 1960's, and taught math and science in high schools and colleges starting in 1962. His career in taxes began in 1977. Rather than pay to have his own return prepared, after buying his first home, he took H&R Block's Introductory Course. He joined CSTC in September of 1981, and did his first tax workshop that year. He decided to put 20 years of teaching to work in his new field. Over the years, he has done hundreds of talks in 34 different States and five foreign countries. He did 16 years with CSEA's Super Seminar and 19 years with Brass Tax. He is known for his humorous approach to difficult problems. "With taxes, if you don't laugh your gonna cry.

 CPE Information:

2 Federal Tax Law Hours
IRS: 18QC1-T-01228-19-I
CTEC: 1000-CE-4611

Knowledge Level: Intermediate

Registration:

Contact Carmen Hustad at 909-896-6521or [email protected] to register. 

This presentation has been designed to meet the requirements of the Return Preparer Office, the California State Board of Accountancy; and the California Tax Education Council including code 31 of Federal Regulations10.6 (g). This does not constitute an endorsement by these groups. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA. 95812- 2890, or phone CTEC at (877) 850-2832, or on the Internet at www.ctec.org.