This course will present and explain the individual and business-related tax changes and new developments for 2022 resulting from new legislation, IRS regulations and pronouncements, and court cases. This is a comprehensive and in-depth program that will help prepare tax practitioners to intelligently advise their individual and business clients about tax developments in 2022.
DESIGNED FOR
Tax practitioners who will be advising clients with regard to changes in the tax rules impacting individuals and businesses for 2022
BENEFITS
- Advise individual and business clients on year-end 2022 tax planning
- Understand the impacts of 2022 tax changes
HIGHLIGHTS
- Individual and business tax related provisions of the Inflation Reduction Act of 2022
- Status of “tax extender” deductions and credits for 2022
- IRS proposed regulations dealing with inherited IRAs and other retirement accounts (final regulations will be covered if they are released prior to the program)
- Status of like-kind exchanges, micro-captives, and conservation easements in 2022
- Cryptocurrency reporting and transactions under the Infrastructure Investment and Jobs Act
- Transfer tax portability and Revenue Procedure 2022-32
- The No Surprises Act: prohibition against surprise billing for medical bills
- Inflation Adjusted U.S. Savings Bonds (I bonds)
- S corporation shareholder basis reporting: Form 7203
- Form 1099-K reporting for third-party payment settlement networks
- The Kiddie Tax for 2022
- 2022 cap on employer-provided tax-free parking
- Health Savings Accounts and Flexible Spending Accounts in 2022
COURSE LEVEL
Update
ADVANCE PREPARATION
None