Event Description

In this continually revised course, tax advisors will be fully updated on the most recent enacted legislation and IRS guidance, as well as major trends on the horizon with a view toward planning considerations. This update course is designed for all practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes.  Please Note: Due to content overlap, it is recommended that this course NOT be taken together with BITU.

Designed For

In this continually revised course, tax advisors will be fully updated on the most recent enacted legislation and IRS guidance, as well as major trends on the horizon with a view

Objectives

Understand the latest enacted tax law changes     Understand strategies and techniques to use in light of tax changes     Understand current cases and rulings affecting individuals and businesses

Major Subjects

Comprehensive coverage of the Inflation Reduction Act of 2022 and the SECURE 2.0 Act of 2022     Timely coverage of breaking tax legislation     Schedules K-2 and K-3 reporting requirements     Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations     Donor Advised Funds     Residency and Domicile     Selling a principal residence, including tax planning strategies     The Independent Contractor vs. Employee Conundrum continues     An overview of virtual currency, including recent developments     State of the IRS     Section 162(m) Executive Compensation     Practice aids, including all the numbers applicable for the current year — inflation-adjusted amounts, mileage rates, retirement contributions, and more     Advanced practice, reporting, and other issues intertwined with advanced planning and discussion ideas