Greg White

GregWhite_web.pngGreg White, CPA, is an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. White is a founder and shareholder, WGN PS. He has been named a Top 50 IRS Representation Practitioners in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.




Course Descriptions

Lightning Fast Depreciation: The New World of Depreciation under Tax Reform (Half-Day Program) 


CPE Credit:     

4 hours for CPAs, ABAs

4 hours Federal Tax Related for EAs and OTRPs

4 hours Federal Tax Law for CTEC

4 hours Income Tax Planning for CFP

 

Apply Latest Tax Reform Developments to Depreciation Decisions to Maximize Benefit On the heels of the Tangible Property Regs (TPRs), the Tax Cuts and Jobs Act of 2017 (TCJA) has made further changes to depreciation including bonus depreciation and Section 179 depreciation. What are the latest developments and are there ways to depreciate property faster and achieve faster tax savings? Join experienced practitioner and instructor Greg White, CPA, for this on-demand course that will offer you tips, strategies and a heightened awareness of how depreciation can be used to achieve the best tax results on real estate and property used in business. The TCJA provides new opportunities that your business or clients can put to work right away. Rapid cost recovery can be a big help in many instances. Mr. White will also make sure you know when not to use rapid cost recovery methods.

Learning Objectives:

  • Determine the best depreciation method for real estate improvements

  • Determine which cost recovery method is best in specific client situations

  • Apply the new rules for de minimis expensing updated for affects of the Tax Cuts and Jobs Act

  • Apply the new rules for expensing real property under the TCJA

  • Review the depreciation recapture rules that apply to bonus depreciation, 179 and the de minimis rules

  • Determine when a rapid method of cost recovery shouldn't be used

  • Recognize effective years for Qualified property placed into service is not eligible for bonus depreciation based on the new TCJA provisions

  • Identify the maximum depreciation (not including bonus) for passenger automobiles assuming qualified business use in the second taxable year after 12/31/2017

  • Differentiate following types of property and related treatment under Section 179 remain unchanged under the TCJA

  • Identify the maximum Section 179 expense amount for 2018 based on the revised provisions from TCJA

  • Recognize components which would be eligible for Section 179 deduction

  • Differentiate statements with respect to de minimis rules

  • Recognize which type of property is considered placed in service when paid or incurred

  • Recognize which type of property is considered placed in service when work is completed

  • Describe the surgical approach to tax planning

  • Identify how freezing deductions and active business income, the active business income limit applies

  • Identify a characteristic of the freeze and thaw method

  • Differentiate between bonus, Section 179, and de minimis

  • Recognize which items are eligible for bonus depreciation in various situations

  • Identify which allocation methods/approaches uses little to no documentation and is based on a preparer's experience

  • Recognize bonus and Section 280(F) interaction

  • Identify which type of properties eligibility for Section 179 did not change as a result of the TCJA

  • Describe the amount Section 179 expense phaseout begins starting in 2018

  • Identify the de minimis election per invoice for taxpayers with or without audited financial statements

  • Describe the type of property considered placed in service when it is in the taxpayer's possession

  • Identify the correct sequence for optimal basis reduction

  • Recognize which form instructions should be followed when applying the surgical approach and electing out of bonus depreciation

  • Differentiate which types of methods for QIP and recapture allocates the selling price based upon the adjusted basis

Level Intermediate Instructional Method In Person NASBA Field of Study Taxes (4 hours) Program Prerequisites A basic understanding of tax depreciation methods Advance Preparation None



2019 LLCs: Reducing Self-employment Tax and Maximizing the 20% Passthrough Deduction 
 


CPE Credit:     

2 hours for CPAs, ABAs

2 hours Federal Tax Related for EAs and OTRPs

2 hours Federal Tax Law for CTEC

2 hours Income Tax Planning for CFP

 
Join experienced tax practitioner Greg White, CPA, for this two-hour CPE session providing a broad overview of self-employment tax application to LLC members, including up-to-the-minute changes in this fast-changing area.

Greg will also cover how the Tax Cuts and Jobs Act affects decision-making in gray areas, and when LLC’s provide a better tax result for owners. You will learn how LLC’s can be used to increase the qualifying business income deduction (20% passthrough deduction). And we’ll cover how LLC’s should consider changing the guaranteed payment structure to increase the new 20% passthrough deduction. Greg will also explain the benefits of paying SE tax (an often-overlooked element of planning).

Learning Objectives:

  • Recognize when self-employment tax doesn't apply to LLC members
  • Identify and apply self-employment principles to LLC members
  • Describe how to maximize LLC's 20% passthrough deduction
  • Recognize how to adjust guaranteed payments to maximize the 20% passthrough deduction


Level
Intermediate Instructional Method In Person NASBA Field of Study Taxes (2 hours) Program Prerequisites Experience in preparing Forms 1065 for LLCs Advance Preparation None


Maximizing Itemized Deductions under the New Law 


CPE Credit:     

2 hours for CPAs, ABAs

2 hours Federal Tax Related for EAs and OTRPs

2 hours Federal Tax Law for CTEC

 

How Can You Maximize Deductions under Tax Reform? Join experienced practitioner and instructor Greg White, CPA, for an in-depth look at how the Tax Cuts and Jobs Act of 2017 (TCJA) affects the deductions your clients are able to use on their tax returns. There have been many changes in this area and your clients are counting on you to make sure that they can get the best possible tax treatment on home mortgage interest, charitable deductions, and many others that are affected by the TCJA reforms.

Learning Objectives:

  • Recognize how to maximize itemized deductions under the new Tax Cuts and Jobs Act
  • Identify how donor-advised funds and qualifying charitable distributions can maximize deductible charitable contributions at a minimal cost
  • Recognize and apply case law and administrative guidance to increase the deduction for tax preparation fees
  • Differentiate deductible home mortgage interest deductibility, including the refinancing rules
  • Describe how to apply tax regulations to derive benefit from investment advisory fees
  • Recognize elections to increase the deduction for taxes on investment property
  • Identify the new standard deduction for head of households as a result of the TCJA
  • Differentiate true statements with respect to the new mortgage interest rules
  • Describe correct statements regarding HSA accounts and the impacts from the new tax regulations
  • Identify the new AMT exemption amount for single filers starting in 2018
  • Differentiate tax deductions eliminated as a result of the TCJA
  • Describe unreimbursed employee expenses suspended from 2018-2025 for purposes of tax deduction
  • Identify which types of tax preparation fees that can no longer be deducted above the line
  • Recognize the medical expense floor for 2019 and after
  • Identify the approximate 2017 amount taxpayers paid AMT
  • Recognize reasons fewer taxapyers are expected to pay AMT in 2018

Level Intermediate Instructional Method In Person NASBA Field of Study Taxes (2 hours) Program Prerequisites A basic understanding of federal taxation concepts and itemized deductions on individual income tax returns Advance Preparation None

Friday CPE Sessions

8:00 am - 12:00 pm Charlotte TBD

Lightning Fast Depreciation: The New World of Depreciation Under Tax Reform
4 hours CPE for CPAs, ABAs
4 hours CPE Federal Tax Related for EAs and OTRPs
4 hours CPE Federal Tax Law for CTEC
4 hours CPE Income Tax Planning for CFP

1:30 pm - 3:20 pm Charlotte TBD

2019 LLCs: Reducing Self-employment Tax and Maximizing the 20% Passthrough Deduction
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC
2 hours CPE Income Tax Planning for CFP

 

3:30 pm - 5:20 pm Charlotte TBD

Maximizing Itemized Deductions under the New Law
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC
2 hours CPE Income Tax Planning for CFP


Saturday CPE Sessions

1:00 pm - 2:50 pm Charlotte A/B/C

2019 LLCs: Reducing Self-employment Tax and Maximizing the 20% Passthrough Deduction
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC
2 hours CPE Income Tax Planning for CFP


3:00 pm - 4:50 pm Charlotte A/B/C

Maximizing Itemized Deductions under the New Law
2 hours CPE for CPAs, ABAs
2 hours CPE Federal Tax Related for EAs and OTRPs
2 hours CPE Federal Tax Law for CTEC
2 hours CPE Income Tax Planning for CFP