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Kentuckytax deptofrevenue

2018 KENTUCKY INCOME TAX CHANGES

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 13, 2018
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Who Should AttendCPA - small firm
CPA - medium firm
CPA - large firm
Other
Series: Taxes
Course Description

The Kentucky General Assembly enacted the most substantial income tax changes since 2006. This course covers changes to tax rates, deductions, IRC conformity, apportionment factors, and corporate filing requirements. Various provisions are effective in 2018 and 2019. In addition, a new credit for ad valorum (property) tax is available to offset local taxes paid on inventory.

Learning Objectives

  • Understand changes to Kentucky Revised Statutes (KRS) and where to find them online.

  • Understand changes to Kentucky Administrative Regulations (KAR) and where to find them online.

  • Understand changes to Kentucky tax forms due to law changes.

  • Using the Department’s website for up-to-date guidance.

  • Review taxpayer rights to protest assessments and refund denials.

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

J. Todd Renner

Kentucky Department of Revenue
Executive Director, Office of Income Taxation
todd.renner@ky.gov
5025645495

Kentuckyrevenue

J. Todd Renner joined the Kentucky Department of Revenue in early 2017 after 20+ years in private industry and public accounting. He spent most of his career in management positions with SMEs (small and medium-sized enterprises) most recently in the pharmaceutical industry. His experience includes international, federal, state, and local tax planning and compliance as well as financial statement assurance. Todd is a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA). He served as Director of the Division of Corporation Tax prior to his appointment as Executive Director of the Office of Income Taxation at the Department of Revenue.

About Our Presenter

Kentuckyrevenue
The Kentucky Department of Revenue administers tax laws for the Commonwealth of Kentucky and collected $12.3 billion in the fiscal year ended June 30, 2018. These receipts were allocated between the General Fund ($10.3 billion) and the State Road Fund ($1.5 billion). The Commonwealth's two largest sources of General Fund receipts are individual and corporate income taxes (49%) and sales and gross receipts taxes (39%). Various other taxes and receipts make up the balance. The Kentucky Department of Revenue employs over 800 professionals in Frankfort and around the Commonwealth at ten taxpayer service centers.