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.
DESIGNED FOR
All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients
BENEFITS
- 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
HIGHLIGHTS
- Comprehensive coverage of the Inflation Reduction Act, including: The Clean Vehicle Credit, Credit for Previously Owned Clean Vehicles, Credit for Qualified Commercial Clean Vehicles, Residential Clean Energy Credit, Energy Efficient Home Improvement Credit, Premium Tax Credit, Elective Payment, Transferability, and Prevailing Wage and Apprenticeship Requirements
- Comprehensive coverage of the SECURE 2.0 Act, including:
Expanding Enrollment in Retirement Plans, Increase in Age for Required Beginning Date for Mandatory Distributions, and New Exceptions to Penalty-Free Withdrawal from Retirement Plans
- Timely coverage of breaking tax legislation
- Detailed analysis and examples of Sale of Passthrough Entity Interest and Net Investment Income Tax
- The Gig Economy - Tax implications, Independent Contractor versus Employee Classification, and the 2024 DOL Final Rule
- Real Estate professional requirements
- 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 discussion ideas
COURSE LEVEL
Update
PREREQUISITES
Experience in individual tax planning
ADVANCE PREPARATION
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.
ADDITIONAL NOTES
- Qualifies for CFP credit
- Qualifies for IRS credit