Course Description

The 2016 historic floods in north and south Louisiana caused not only mass destruction, but mass confusion regarding the deductibility of casualty losses. Now, two years later, questions still remain regarding federal and state disaster tax relief. Jerry Schreiber and Luke Morris come together for this convenient, lunchtime program to discuss important updates, including the Tax Cuts and Jobs Act's special rules on amending returns.

The Federal Perspective from Jerry Schreiber
The Tax Cut and Jobs Act includes changes to certain disaster loss situations arising in taxable years beginning after December 31, 2015 and before January 2, 2018. Jerry will cover updates on personal casualty loss, early withdrawal from a qualified distribution plan, amending returns, what’s taxable, what’s not.

The State Perspective from Luke Morris
As a result of the TCJA changes for certain disaster losses, Act 1 of the 2018 First Extraordinary Session of the Louisiana Legislature provides specific relief to accompany the federal relief. Luke will share guidance from the Louisiana Department of Revenue on filing amended returns due to the federal disaster relief.

Submit Your Questions in Advance

Jerry and Luke encourage you to send your question in advance to tcjaquestions@lcpa.org. The presenters will make every effort to address the questions submitted, however due to time limitations and complexity of the issues, all questions may not be answered during the live broadcast.

About the Presenters

Luke Morris, JD

Luke Morris has served as the Assistant Secretary of the Office of Legal Affairs of the Louisiana Department of Revenue since April 2017. He supervises the Litigation Division and Policy and Legislative Services Division. In this capacity, he advises the Secretary of Revenue on matters in litigation as well as legislation pending before the Louisiana Legislature.

Prior to joining the Department, Morris worked as a senior tax accountant for the firm Postlethwaite & Netterville APAC. He joined the Department in 2015 as an Assistant Director in the Field Audit Income Tax Division where he developed and administered the Department’s individual income tax audit program.

Morris is a member of the Louisiana State Bar Association, Baton Rouge Bar Association, and American Bar Association.

Gerard H. Schreiber Jr., CPA

Jerry Schreiber is a Partner in the local accounting firm of Schreiber & Schreiber. He received his BBA from Loyola University. He is a member of the AICPA, SLCPA, and New Orleans Estate Planning Council. He is currently a member of the AICPA IRS Advocacy and Relations Committee and has served on the AICPA IRS Practice and Procedures Committee, AICPA Tax Practice Responsibilities Committee, SSTS Guidance Task Force, SSTS Revision Task Force, Tax Forms Committee, Tax Forms and Education Task Force, and Circular 230 Education Task Force.

He has appeared on IRS’ Tax Talk Today, the IRS Nationwide Tax Forums, and authored continuing education courses on Individual Income Taxes, IRS Practice and Procedure, Current Developments, Casualty Losses, Hurricane Katrina Tax Matters, GO Zone Act, and Circular 230.

Notes:

• Login instructions will be provided by LCPA.
• Group viewing is not allowed for CPE credit.
• To meet State Board requirements, a total of 6 polling questions will be included throughout the live broadcast. They must be answered at the time the poll is launched to qualify for CPE credit.