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 Individual Income Tax Update Course by Surgent.
DESIGNED FOR
Accounting and Finance Professionals who need to know the latest tax law changes in all areas of practice, whether newly licensed or a seasoned professional
BENEFITS
- 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
HIGHLIGHTS
- Timely coverage of breaking tax legislation
- Schedules K-2 and K-3 reporting requirements and transitional filing relief
- Foreign Tax Credit considerations
- 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 SECURE Act 2022 Proposed Regulations
- 2022 Changes to §163(j) and §174 Research and Experimental Expenditures
- The Independent Contractor versus Employee Conundrum continues - Department of Labor Final Rule reinstated
- A comprehensive overview of virtual currency, including important tax considerations in light of increased IRS sccrutiny
- State of the IRS - plans to reduce the backlog of returns due to COVID-19
- Temporarily increased business meals deduction
- 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
COURSE LEVEL
Update
PREREQUISITES
Experience with individual and business clients
ADVANCE PREPARATION
None
ADDITIONAL NOTES
- Qualifies for CFP credit
- Qualifies for IRS credit