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.
Learning 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 Topics
- 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
