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 The best Federal Tax Update

Designed For

This highly informative course comprehensively covers all the latest tax law developments. The focus is on individual taxation and discussion of the planning opportunities practitioners need to understand to help clients respond effectively. You will come away from the course with the up-to-date knowledge to educate your individual tax clients and implement tax-saving ideas that will serve their ever-evolving needs. This course is continually updated to reflect enacted legislation. Please Note: Due to content overlap, it is recommended that this course NOT be taken together with The Best Federal Tax Update Course by Surgent 

Objectives

Understand strategies and tactics to use in light of new legislation     Understand the most current guidance on retirement planning      Understand how to nail down valuable deductions and other reductions to the tax base

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 and transiional filing relief     Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations     Donor Advised Funds     Residency and Domicile     Selling a principal residence, including tax planning strategies     Real Estate professional requirements     An overview of  virtual currency, including recent developments     The Independent Contractor vs. Employee Conundrum continues     State of the IRS     Review of pertinent cases and rulings affecting taxpayers     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 discuss